Property Management
Financial Management Suite
The Acumatica ERP Financial Management Suite includes a core set of financial modules used by almost every organization. Acumatica financials are designed for companies with complex requirements, yet are easy to use in smaller organizations, which may have fewer ERP financial management system requirements. The modules in the Financial Management Suite are integrated with each other and also with the other Acumatica suites.
VIEW OVERVIEW DATA SHEETFinancial Management Suite Modules
General Ledger
The hub of Acumatica’s finance system, the General Ledger (GL) module is the central repository for collecting and analyzing your financial information. Dozens of pre-designed reports can be tailored for departmental or individual use through filtering and sorting options at runtime. GL data can also be presented in dashboards or viewed online via inquiry screens. Entries can be made directly into the GL or they can be made from other Financial Suite applications and posted in detail or summary into the GL.
Cash Management
The Cash Management (CA) module provides functionality required for managing day to day operations related to cash transactions, cash balances, funds transfer, and bank account reconciliation. The Cash Management module is integrated with the General Ledger, Accounts Payable, and Accounts Receivable modules to centralize all cash management functions such as bank reconciliation, daily cash balances, and cash management reporting.
Accounts Receivable
The Accounts Receivable (AR) 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. Report and inquiry screens allow you to monitor customer balances, credit limits, pending documents, check aging buckets, and view other customer-related information.
Accounts Payable
The Accounts Payable (AP) module allows companies to efficiently manage liabilities for purchased or received goods and services. This module accumulates, stores, and organizes vendor information and documents to automate the payment process. Transactions can be entered quickly and accurately with automatic population of default vendor information and accounts, automated calculation of taxes, flexible payment schedules, cash discounts, and more. Comprehensive reports and inquiry screens provide a complete overview of current AP state and analysis of historical vendor performance.
Employee Portal
The (EP) 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. Centralized task management allows everybody in your organization to create, assign, and manage tasks within the guidelines of your business policies.
Currency Management
The Currency Management (CM) module provides functionality to support multiple currencies so you can do business internationally and manage international subsidiaries. The CM module maintains a list of currencies, tracks exchange rate fluctuations, and performs periodical revaluations for currency denominated accounts and documents in foreign currencies with automatic calculation of gains and losses. Flexible translation options allow you to configure reporting in a foreign currency if needed and automatically performs currency translations.
Fixed Assets Management*
The Fixed Assets Management (FA) 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. Select from a huge number of pre-defined depreciation schedules or create custom schedules for accurate accounting and reporting. Utilize special books to track tax and reporting scenarios separately from your general ledger accounts.
Inter-Company Accounting*
Inter-company Accounting automates financial reporting, payments, cash management, and inter-company transfers across multiple related companies. The features are integrated with other Acumatica modules so you can manage inter-company payments in AP, centralize invoicing in AR, create inter-company journal transactions in the GL, manage inter-company goods transfers in inventory management, setup company-specific cash accounts in cash management, and more.
* Please note that Fixed Assets and Inter-Company Accounting are sold separately