With sophisticated functionality Acumatica financials are designed for companies with complex requirements, yet are easy to use in smaller organisations. It provides the tools for daily financial operations as well as reporting, analysis, budgeting and planning.
The hub of Acumatica's finance system, the General Ledger (GL) module is the central repository for collecting and analysing your financial information. Dozens of pre-designed reports can be tailored for departmental or individual use through filtering and sorting options at runtime. Data can also be presented in dashboards or viewed online.
The Cash Management module provides functionality required for managing day to day operations related to cash transactions, cash balances, funds transfer, and bank account reconciliation. It's integrated with the General Ledger, Accounts Payable, and Accounts Receivable modules to centralise all cash management functions.
The Accounts Receivable module allows companies to manage receivables and automate the tasks of invoicing customers and collecting payments. There are several time-saving features such as defaulting of customer information on entry, automatic tax computation, commission calculation, discounts, and due dates calculation.
The Accounts Payable module allows companies to efficiently manage liabilities for purchased or received goods and services. This module accumulates, stores, and organises supplier information and documents to automate the payment process.
The module allows companies to automate the process of entering timesheets, submitted expense claims, and assigning work. The EP module works with Accounts Payable for expense payments to employees and with Accounts Receivable for time and expense billing to clients. Centralised task management allows everybody in your organisation to create, assign, and manage tasks within the guidelines of your business policies.
The Currency Management module provides functionality to support multiple currencies so you can do business internationally and manage international subsidiaries.
The VAT Management (tax) module provides centralised VAT and GST configuration, management, and reporting. The VAT module stores system taxation settings and provides VAT audit and VAT reporting functionality. Taxation settings are used across the system to provide accurate and consistent collection of VAT information.
The Deferred Revenue Management module allows you to automate and accurately account for situations where you need to recognise revenue in future periods. Create centralised deferral schedules and link them to any transaction line item or inventory component.
The Fixed Assets Management module provides complete visibility into your assets and depreciation calculations. You can add fixed assets directly from AP purchases, import them from a file, or add them individually.
Intercompany Accounting automates financial reporting, payments, cash management, and inter-entity transfers for organisations with multiple business entities. The features are integrated with other Acumatica modules so you can easily manage inter-company payments.