Produce high-quality book-keeping and automated audit trail with real-time data visibility, analytics and integration
Keep your enterprise’s financial health in excellent condition with OmegaCube ERP’s Accounts Payable, Accounts Receivable, General Ledger, and Bank Reconciliation capabilities.
Key Features of Accounting (AR/AP/GL)
Accounts Payable
- Generate automatic credit memos from purchase returns.
- Conduct two way reconciliation of AP invoice with goods receipts.
- Conduct batch payment or manual payment processing.
- Conduct automatic calculation of discounts.
- Conduct down-payment processing for full or partial payments.
- Print checks for vendors using laser, dot-matrix or other methods.
- Review check batch numbers before printing checks.
- Write checks from multiple bank accounts, and credit lines.
- Block invoices from payments.
- Track accrued payables.
- Positive Pay Integration.
- Establish and track recurring Invoices & Payments.
- Conduct 3-way matching for payables and transactions.
- 1099 processing.
Accounts Receivable
- Automatically create Invoicing and Credit Memo from shipping and returns.
- Apply sales and expenses directly to General Ledger account numbers.
- Generate automatic credit memos for returned goods.
- Perform batch processing from bank deposits.
- Apply cash by Bill to, full and partial payments.
- Auto calculation of discounts with ability to override.
- Receive and apply down-payments and advances.
- Sort receivables by due dates, invoice numbers, customer details etc.
- Create account statements and dunning letters.
- Drill down to source transactions.
Bank Reconciliation
- Reconcile bank transactions posted to cash accounts against bank statements.
- Reconcile each account separately
- Reconcile credit card transactions
- Reconcile bank account to statements.
- Store and access reconciliation history in the centralized database.
General Ledger
- Access flexible Chart of Accounts and sub-accounts.
- Recurring and reversing journals.
- Detailed transactional level general ledger.
- Flexible accounting periods, dates and years.
- Real time transaction postings to General Ledger.
Book a Product Demo
Contact us for an in-depth product demo on Accounting (AR/AP/GL) Management software for your manufacturing or distribution enterprise
Related Topics
What is Suppliers and Purchasing in ERP?
Suppliers and Purchasing in OmegaCube ERP helps manufacturers to efficiently track and manage the entire flow of raw materials right from its suppliers to the warehouse, to the factory till the final product reaches the customer.
What is Advanced Accounting in ERP?
Advanced Accounting in OmegaCube ERP helps manufacturers to efficiently manage Credit payments, Project Accounting, Sales Tax, Taxation reports etc. They can accurately arrive at project profitability, tax to be paid per sales order/customer and pending credit dues.
What is Project Accounting in ERP?
Project Accounting in OmegaCube ERP helps manufacturers to comprehensively manage project budgets, inventory procurement, account for overhead costs, production costs, labor costs etc.
Related Blog Posts
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