Sales invoice
SI‑2041 · a fabrication contract
- Steel door frame × 12
- 582,000
- Aluminium window unit × 4
- 505,000
- Delivery to site
- 63,000
- Net
- 1,150,000
- VAT at 7.5%
- 86,250
- Total
- ₦1,236,250
an Enterprise Projects Business Solution
Enter it once.
It posts everywhere.
MagnetERP is a complete business management system for small and medium-scale enterprises. It brings the entire back office into one integrated application, so that a transaction entered once flows through to every record it affects.
Entered once
Posted everywhere
Inventory & Services
16 units leave the store at cost, carried to cost of sales. The delivery line is a service and moves no stock.
Sales & Receivables
Customer account debited ₦1,236,250.
Projects
₦1,150,000 attributed to the contract job batch — the revenue, not the tax.
Integrated General Ledger
- Dr Receivables 1,236,250
- Cr Sales 1,150,000
- Cr VAT 86,250
About
One system; one version of the truth.
MagnetERP is a complete business management system for small and medium-scale enterprises. It brings the entire back office — customers and suppliers, sales and purchases, inventory, staff, payroll and the books of account — into one integrated application, so that a transaction entered once flows through to every record it affects.
Built for the way Nigerian businesses actually work, it manages several companies under one organisation, with each company’s records kept properly separate and every module posting to a single general ledger.
Screenshot reserved A working screen from Magnet ERP goes here — the account setup form or the chart of accounts.
The modules
Thirteen modules, one set of books.
13 modules · 287 entries in the application menu
Account Holders Register
One party record, accounts in any company. The shared register of every party the business deals with: individuals, companies and corporate groups, together with their addresses, referees and relationships. A party is recorded once and may hold accounts anywhere in the system — one identity across the entire business.
M101
Treasury Management
Nothing moves without authorisation. The movement of money: payments, receipts and funds transfers, each with proper authorisation and reversal control. Every cash transaction feeds the cash-flow analysis directly and is linked to its sales or purchase invoice, so receivables and payables are settled transparently and the cash position is always current.
M102
Finance Management
Share capital and borrowings, on their terms. The company's own funding: share capital, deposits for shares and long-term borrowings, recorded with the terms of each facility so obligations are always known.
M103
Purchasing & Payables Management
Order, goods received note, invoice. Supplier accounts, purchase orders and purchase invoices. Tracks what the business has ordered, what it has received and what it owes, from order to settlement.
M104
Sales & Receivables Management
Order, invoice, and the debt that remains. Customer accounts, sales orders, invoices and proforma invoices. Tracks what the business has sold, what has been delivered and what each customer owes.
M105
Inventory & Services Management
Every movement in and out of every store. Complete stock control: product categories, products and services, stores, requisitions, issues, receipts, transfers, stocktakes, goods received notes, outward waybills and assembly production from bills of materials. From goods received to goods despatched, the store balances the book.
M106
Investment Management
Interest earned, withholding tax accounted. The investments the business holds: registered investment accounts with their securities, terms, interest and withholding tax, kept current from placement to maturity.
M107
Fixed Assets Management
Cradle to disposal, with depreciation posted. The life of every asset: registration, deployment, assignment and transfer, maintenance, depreciation and eventual disposal. The asset register and the ledger agree at all times.
M108
Personnel Management
The establishment, and everyone in it. The staff record: establishment, appointments, attendance, leave, overtime, appraisals, discipline and commendations — an employee's full history in one place.
M109
Payroll Management
Pay run to ledger, in one pass. From salary items, scales and tax tables to the processed pay run: salaries computed, paid out, posted to the ledger and preserved in history.
M110
Budgeting & Credit Control
Budgets before spend, limits before credit. Spending held to budget and exposure held to limit: account budgets, credit limits and age analysis of debt, so commitments are made with open eyes.
M111
Integrated General Ledger
Where all thirteen modules land. The accounting heart of the system: the chart of accounts, journal and standing-order vouchers, accounting periods, opening balances and period close. Every module posts here; the business keeps one set of books.
M112
Bank Accounts Reconciliation
Matched under your own banking rules. The books proved against the bank: statement transactions matched to ledger records under defined banking rules, with differences surfaced rather than buried.
M113
Built around your projects
Why it is called a Projects Business Solution.
MagnetERP is called an Enterprise Projects Business Solution because every transaction can be linked to a registered chart of projects or to project-milestone codes — contract job batches, production job batches and procurement job batches.
This threads a supply chain through the stock records, provides the basis for costing — including the re-costing of landed cost when additional procurement expenses arrive late — and makes true profitability reporting by project possible.
Multi-currency throughout
Recorded in the currency it happened in.
Every transaction keeps its own currency and its exchange rate to the base currency. Sub-ledger accounts may be denominated in any currency, with dedicated accounts for currency exchange, so foreign business is recorded as it happened — not merely translated.
Reporting
Among the reports the system delivers
- Sales invoices due
- Purchase invoices due
- Cash-flow analysis
- Asset status schedule
- Statement of profit or loss, with profitability by project
- Statement of financial position
- Stock status reports
— and the enquiry screens behind them, for the detail beneath every figure.
Every module posts to the same general ledger.
Start with the module that runs your desk, or read how the thirteen fit together.