Averiware’s Accounting And Financial Management Erp Module

By Author: Frankie Bentio
Total Articles: 2
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Accounting and Financial Management module is one of the most important ERP modules, which handles the financial and accounting data of an organization. The module is designed to gather data from different departments within the organization and generate various valuable financial reports. Having a well-designed Accounting and Financial Management software, the company can focus more on business growth, as this software is capable of integrating varied dimensions of sales and service functions to achieve streamlined, end-to-end financial management. Coupled with powerful, flexible tools that improve financial reporting and compliance and the suite offers better business intelligence to accomplish better ROI.

Accounting and Financial Management Module from Averiware

Averiware offers a world-class Accounting and Financial Management module, which features user defined internal controls and audit trails. It is a surprisingly flexible, intuitive and user friendly ERP module developed by Averiware. The module leverages tight integration and data sharing with all other modules – achieving enhanced data recording ...
... accuracy efficiency. With this, one can have access to real-time data from any of their company's divisions or locations - including orders from the Web site storefront. With over 40 standard reports and the ability to define customized versions, you can get all the information needed to satisfy accounting, auditing, continuous improvement initiatives and operational controls.

Features:

Payables

User-defined ageing parameters for accounts payable
Multiple accounts payable control accounts availability
Batch check printing
Voided Check ‘reversal’ with automatic accounting entries and reinstatement of payment details
Multiple payment capability - Checks, Wire Transfers and Credit Cards
Record and tracks credit card purchases
Define payment and/or place purchase order on hold
Make and track prepayments without vendors’ invoices
Make and track advance payments with automatic application to invoices
Automatic of manual selection of invoices for payments
Debit Memo for returns, shortages, damage and other reasons
Early payment discounts with Vendor Discount Analysis
1099 vendor reporting
Miscellaneous bill creation and payment

Receivables

Single click creation of invoices from packing slips (shipping documents)
Unlimited ship-to addresses
Complete sales tax rules engine, with State, County, City and Zip Code demarcation tax rates
Customer sales tax exemptions and exceptions
Credit memo for sales returns or other issues
Returned checks processing
Automated freight charge calculations
Payments in advance processing and automatic applications at time of invoicing
Multiple General Ledger control accounts may be employed
Accounts receivable statements and lists with user defined aging rules
Unpaid invoices and collection analysis

General Ledger

Seamless integration and automatic posting of entries from any module
Immediate and deferred posting of journal entries
Industry centric/user defined account numbers from 4 to 24 digits
Bank reconciliation assistance
General Ledger reporting at detail level traceable to individual transactions
Unlimited number of accounts as defined by user’s Chart of Accounts
Custom grouping of accounts as defined by user’s Chart of Accounts

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Averiware Inc. is an innovative software development company providing comprehensive Business Management Solutions for small and mid-sized Businesses. The company holds special expertise in cloud technology, and offers varied cloud ERP software solutions. Accounting and Financial Management module is one of the sophisticated ERP modules that handle complete financial and accounting data of an organization.