Financials Features and Functions
|
General Ledger
General ledger keeps centralized charts of accounts and corporate financial balances. It supports all aspects of the business accounting process. In this module, financial accounting transactions are posted, processed, summarized, and reported. It maintains a complete audit trail of transactions and enables individual business units to view their financial information, while parent companies can roll up all business subsidiaries and view the consolidated information.
|
Fixed Assets
Fixed assets manages depreciation and other costs associated with tangible assets such as buildings, property and equipment. The software should support the following functionality: fixed assets records; asset transactions; asset depreciation; depreciation books; revaluation and interest calculation; and tax reporting.
|
Accounts Payable (A/P)
Accounts payable schedules bill payments to suppliers, and keeps accurate
information about owed money, due dates, and available discounts. It provides
functionality and integration to other areas such as customer service,
purchasing, inventory, and manufacturing control. The software should support the following functionality:
AP municipal policies and procedures;
Suppliers/voucher master data; payment controls; invoice processing and aging
analysis;
Payment processing; journal voucher processing;
AP ledger posting;
Check processing;
AP transactions and controls; and
AP reporting.
|
Accounts Receivable
Accounts receivable tracks payments due to a company from its customers. It contains tools to control and expedite the receipt of money from the entry of a sales order to posting payments received. The software should support the following functionality: AR company policies and procedures; customers/voucher master data; bill processing and aging analysis; credit management; cash/payment application, receipt processing; journal voucher processing; AR ledger posting; multicurrency accounting and conversions; AR transactions and controls; and AR reporting.
|
Cash Management
Cash management involves the capability of the system to record cash charges or deposits, recording of cash payments and receipts, cash projection reporting, calculation of expected cash uses/sources, current cash availability, etc. It monitors and analyzes cash holdings, financial deals, and investment risks.
|
Cost Accounting
Cost accounting analyzes corporate costs related to overhead, products, and manufacturing orders. It provides a variety of costing approaches such as standard, FIFO, LIFO, average, target, and activity-based costing (ABC). The software should support the following functionality: cost data; cost allocation definitions; cost allocation process; cost management; cost and sales price calculation; activity based costing (ABC); and activity based cost tracing and tracking.
|
Budgeting
Budgeting involves budgetary controls, budget accounting, budget development, and budget allocation. The software should provide sufficient tools to enable detailed budget development and analysis. Additional functionality should be available to integrate with project management software applications either natively or with external interfaces.
|
Customer Financial Management
|
Contract Management and Creation
|
Budget Planning
|
Project Accounting
Project accounting uses financial practices to monitor the schedules and spending of projects.
|
Financial Reporting
|
|
ERP for Municipalities Features and Functions
|