Accounting & Finance
The general ledger and everything that posts to it — cash, assets, budgets and trade finance.
Most finance teams do not have an accounting problem. They have a reconciliation problem: the ledger says one thing, the warehouse says another, and somebody spends the last week of every month working out which is right. Nama's finance modules are not a separate system that receives a monthly upload — they are the same database the sale, the goods receipt and the payroll run were posted from. A journal entry is the by-product of an operation rather than a re-keying of it. That is what turns a month-end close from an investigation into a review, and what makes the trial balance something you act on instead of argue with.
What Accounting & Finance covers
6 modules, licensed together or separately.
- Ledger Chart of accounts, journals, cost centres and the financial statements built on them.
- AR & AP Customer and supplier balances, ageing, settlements and the money moving both ways.
- Treasury & Banking — Guarantees, Cheques and Reconciliation Bank accounts, cheques, guarantees and facilities, reconciled against the statement.
- Fixed Assets and Custodies Asset registers, depreciation, disposal and the custody handed to each employee.
- Budget & Forecast Budgets by account, cost centre and period, measured against what was actually spent.
- Letter of Credit Import letters of credit, with their costs landed onto the goods they financed.
How it works together
The seven modules in this family are one ledger seen from seven angles. Nothing here is a sub-system with its own balances that get merged later.
- Post. Every operational document — a sales invoice, a goods receipt, a payroll run, a depreciation cycle — produces its journal entry at the moment it is confirmed, using the posting rules set up once for its document type.
- Attribute. That entry carries its company, branch, cost centre, project and any other analysis dimension you have defined, so the question “what did this branch actually cost us” never requires a rebuild.
- Settle. Receivables and payables age themselves; receipts and payments match against the documents they clear, and partial settlements, discounts and write-offs stay attached to what they settled.
- Reconcile. Bank statements reconcile against treasury movement, sub-ledgers reconcile against their control accounts, and cheques move through their own lifecycle from issue to collection or return.
- Control. Budgets are measured against commitments and actual spend while the spending happens, rather than discovered afterwards. A reviewed period can be locked.
- Report. Trial balance, account statements and the financial statements read the same live data everything above wrote.
Fixed assets and letters of credit sit inside this loop rather than beside it. Depreciation posts on its own schedule; the bank charges, freight and customs on an import credit are landed onto the cost of the goods that credit financed. The asset and the stock each carry what they truly cost.
Built for how the region actually works
Accounting is where local practice stops being cosmetic. The interface is fully Arabic and fully English, per user, on one database — not a translated skin over English field names. Hijri and Gregorian dates are both first-class, so a document can be dated and reported on either calendar. Tax is configured per authority rather than hard-coded, which is what lets one install serve a Saudi company and an Egyptian one under different regimes. And where an authority requires electronic invoicing, the accounting entry and the submitted invoice are the same document — see E-Invoicing & Tax Compliance.
Every screen, field and setting is documented in full.
Read the documentation →Good question — already answered
Can we run several companies in one system?
Yes. Companies, branches and cost centres are separate dimensions, so a transaction can be attributed on all three at once. Each company keeps its own chart of accounts and fiscal calendar, and consolidated statements are produced across them without exporting to a spreadsheet.
How are foreign-currency balances handled?
Every account can hold a currency alongside the base currency. Documents record both the transaction amount and its base-currency equivalent at the rate that applied, and revaluation at period end posts the difference automatically rather than by manual journal.
Do we have to close a period before we can report on it?
No. Reports run against live data at any moment. Period control exists separately, so you can lock a month against further posting once it has been reviewed — but locking is not a precondition for looking.
Where does the cost of what we sold actually come from?
From inventory, continuously. Cost of goods sold is derived from the same movements that valued the stock, so the figure in the income statement and the figure in the stock valuation are one figure — not two calculations that have to be reconciled.
Companies already running Nama ERP
In all honesty, I do not know how Namasoft is sold at this price, which is very cheap relative to the enormous capability it contains. There is a system among the best-known accounting packages in Egypt and the Arab world, and when I asked them for the points I required I was refused — but with Namasoft I genuinely found them.
Get started with Nama today
Tell us how your business runs and we will show you how Nama ERP fits it — in your language, on your infrastructure.