Increase productivity by controlling your finances
Chart of accounts, accounts, budgets, taxes, general accounting, accounts payable, accounts receivable, bank accounting, balance sheet, P&L, fixed assets, etc.

Financial Management and Accounting

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The financial management and accounting functionalities of an ERP system are designed to minimize manual data input. This increases the productivity as the users can now spend time on more relevant tasks and this reflects in the general accounting, in the accounts receivable and accounts payable as soon as they are produced.

Accounting Solution

The accounting solution has the following features:

  • Default chart of accounts
  • Fiscal year and year to year management
  • Budgeting
  • Tax categories
  • Tax brackets. Determining flexible taxes based on regions, products, or business partners
  • Linked accounting. Direct navigation from accounting entries to documents and vice versa
  • Manual entries. Entry rates
  • Journal entries
  • Trial balance
  • General ledger
  • P&L statements (income statements)
  • Balance sheets
  • General accounting plan statements
  • Standard OFX module
  • Accounting tabs for transactions module
  • Custom accounting

Receivables and Payables

The following are included in the receivables and payables:

  • Generation of debt payments (from invoicing)
  • Issue of debt payments
  • Management (cancellation, merging and division) of accounting documents. Remittances (according to bank records)
  • Issue of cash accounts. Multi-cash account
  • Cash account journal (cash audit). Cash account entries by type Expenses, Receipts, Balance, Deposits, Bills, Order (for cash payment on delivery note: possibility of recovering expenses before invoicing. Automatic generation of entries for cash payments and payments on delivery note
  • Bank statements. Portfolio issues selection assistant
  • Manual liquidations. Other expenses (payroll, taxes, etc.)
  • Cash account reports, bank, debt payments by position
  • Advanced Payables and Receivables Management module
  • Credit management - Dunning module

Assets Management:

You can manage your assets through the following features:

  • Definition of the assets, fixed assets, acquisition price, and accounting valuation
  • Temporary or percentage based amortization
  • Amortization plans
  • Advanced asset management module

Internationalisation:

  • Support for multi-currency
  • Support for multi-schema accounting, which enables the same transaction to be accounted in different rules, different charts of accounts, in different base currencies and with a different accounting calendar
  • Support for international bank account numbers
  • Support for multiple languages, defined at user level
  • Growing list of Professional Localization Packs