A finance engine that understands retail. General ledger, accounts payable and receivable, multi-entity consolidation, and retail-specific accounting all in one place — with the same data model as inventory, POS, and procurement.
Finance in retail is harder than finance elsewhere. You have intercompany inventory transfers, multi-currency consolidations, daily POS revenue recognition, supplier accruals, lease accounting under IFRS 16, and a CFO who needs the numbers by the second business day of the month — every month, no exceptions.
Retail ViVA Finance is built for that reality. It is not a generic accounting package adapted for retail. It is a retail-aware finance engine that knows what a markdown does to inventory valuation, what a store transfer does to entity-level P&L, and what a refund does to revenue recognition.
Multi-entity, multi-currency, multi-book. Configurable chart of accounts, automated period-close workflow, full audit trail of every journal entry.
Three-way matched invoices, payment scheduling by terms, batch payment runs, supplier remittance advice, withholding tax automation.
Customer credit limits, ageing analysis, automated dunning, dispute management, customer statement generation.
Roll up financials across entities, currencies, and reporting standards. Intercompany eliminations automated. Group reporting in your reporting currency, statutory reporting in local currency.
Inventory valuation methods (FIFO, weighted average, retail method), markdown accounting, gift card liability, deferred revenue, lease accounting under IFRS 16.
Configurable close calendar, automated accruals, prepayment amortisation, depreciation, FX revaluation. Close in two business days, not ten.
This module is not "integrated" with the rest of Retail ViVA — it is the rest of Retail ViVA, expressed at one functional surface.
That means data flows in and out without configuration, without API contracts, and without the failure modes that come from stitching software together.