This application calculates the amount that can be claimed for debts that are more than 6 months old. It creates a VAT adjustment for the amount to be claimed, and it also records the claim against the invoice. If the debt is subsequently paid or part paid it determines the reversal of the claim. The balance in the account that represents the VAT claim is substantiated by a list of the VAT claimed on individual invoices.

This application makes the creation of a new GL account in a business with multiple companies in a tenant very quick. The new account number is based on a sequence that is based on the Account Class. If the account represents a bank account, it will also create the bank account. It also creates a consolidation account if the consolidation is in the same tenant.

This application provides for the staging and monitoring of the debt collection process. It is designed for larger businesses where the debt can be either at the parent, the customer or invoice level. The debts are allocated to different divisions based on the nature of the invoice and client. The application works in conjunction with Acumatica’s dunning (follow up) letter processes and levels. Follow up actions are generated from the different statuses of the debt such as; suspend services, hand over to legal and write off. It also provides information to the CRM system to alert the account managers.

With this application the sub-contractor to a construction company fills in an Acumatica timesheet. The application creates a “sub-contract” based on the timesheet. The sub-contract becomes the basis of the charge to the project and the AP invoice entry of the sub-contractor at the end of the week or month.

This application provides the tools to configure a payment upload file for different payment types which include the formats for making international payments.

This application provides a screen for the user to match off related debit and credit entries which are found in clearing accounts. It provides a report which shows the unmatched items at the end of the month which substantiates the balance in the account.

This application speeds up the financial consolidation process in a group of companies.

With the release of the Acumatica features to be able to have multiple companies with different base currencies and year ends, all existing in one tenant, there was a requirement from clients to move their company data residing on separate tenants into a single tenant.

This application migrated all of the GL history from the individual tenants into a single tenant.