Hyssop Finance Manager (HFM) is basically an accounting system that accepts transactions and produces financial reports like the Trial Balance, Income Statement, Balance Sheet, Sales Analysis, etc. Double entry can either be automatic or manual. The reports may be exported to Excel for further analysis if needed.
Hyssop Finance Manager for Microfinance makes microfinance business as simple as possible as it combines microfinance activities with accounting. When loans are disbursed and/or payments received, Hyssop Finance Manager automatically updates debtors and general ledgers. Accounts Receivable, Interest Income and Interest Receivable accounts are automatically updated. Even someone with zero knowledge of accounting can use the system
The system automatically calculates Portfolio At Risk (PAR) and expected collections for any given month.
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