Financial Accounting

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Close your Books Faster And Easier !

The financial accounting module is designed to help you close your underlying systems books faster and to also help you audit certain accounting activities. With powerful auditing features, reconciling capabilities, extensive foreign exchange conversion functionalities and deep drill down capabilities, you will be able to perform your work faster and in much greater detail.

ANALYTICS

  • Analyze the underlying general ledger transactions across all your connected systems. Perform deep analysis across all your connected system transactions. Quickly find the detail information that you need. Create public or private views and share with your colleagues to quickly find the answers to your questions. No more wasted time explaining where to look, easily and quickly collaborate with your team !
  • Multicurrency trial balances across all your underlying systems significantly reducing period end analysis and reconciliations. Easily obtain multi currency balances by accounts for all your connected systems. Perform on screen operations such as average, sum and count while complex filters are applied and as usual, simply send to Excel in a single mouse click.
  • Quickly find intercompany discrepancies across your underlying accounting systems without having to beg and run after people ! Cut the middle man and do it yourself in a few mouse click to get your work done much faster. Quickly send your questions with much greater detail and with the subsidiary account numbers to quickly get the answers that you need !
  • Create custom web based pivot tables and save your layouts to monitor and track key financial information. Share your views with your colleagues and get that teamwork efficiency to next level !

Connect your Team

Closing your books quickly and efficiently requires the right tools and teamwork.

  • Out of the box collaborative tools to efficiently work as a team
  • Sophisticated tools to quickly perform those time consumming calculations
  • Visual elements and navigation to get the information at your fingertips
  • Improved communications through methodologies and automated features
  • Speed, accuraccy, performance and collaboration
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INSTANTANEOUS RECONCILIATION

  • Automated reconciliation between your raw materials, work in progress and finish goods inventory with your sub ledgers providing daily inventory movements reconciliation.
  • Automated inventory reconciliation by general ledger entries providing quick information on discrepancies. For example, find out very quickly if a general journal entry was posted in your control account.
  • Drill down capabilities to the transaction level from the sub ledger and the general ledger sides. Perform your analysis in a single mouse click without having to log in other systems wasting time looking for your information to eventually manually download the data and spend hours transforming it.
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INTELLIGENT TOOLS MAKING YOUR LIFE EASIER

  • Audit your unrealized gains and losses on your foreign currency positions across all your systems irrespective if they handle multicurrency or not. Perform multicurrency audits on systems where the accounts are multicurrency harvesting multiple currency balances by accounts. Perform multicurrency audits on systems where the accounts are not multicurrency by grouping the accounts to perform the calculations. But this is not all, you need more than that because you always have this outlier who is managing the world in a different way. Perform multicurrency audits on systems where the accounts are not multicurrency but the balances are maintained in local currency by deriving the originating amount from the local currency amount.
  • Configure all the multicurrency accounts of your underlying systems to generate the unrealized gains and losses on exchange. Post the entries into your underlying systems and audit the result to ensure completeness of the foreign exchange revaluation process.
  • Automated inventory reconciliation by product stages to ensure that your sub ledgers always ties to your general ledger accounts. Daily reconciliation with drill down capabilities by general journal entries and by sub ledger transactions to quickly find the source of any discrepancies. Stay in total control of your inventory reconciliations.
  • Automated accounts receivable reclass entries to ensure that you present accurate trade receivable positions. Automatically generate your accounts receivable reclass entries for the originating amounts, exchange differences, originating sales taxes and the exchange portion of the sales taxes. No more wasted time manually splitting your receivables and manually performing reclass entries. The solution to automate your reclass entries in a few mouse clicks