Financials
Administer your corporate financials efficiently and with full legislative compliance. Automate your accounting processes, communicate electronically, and use reporting and management accounting tools.
With QAD Financials, you get:
- Accounting administration in accordance with applicable current and future legislation
- Time savings by automating your accounting processes
- Electronic communication with authorities and banks
- Cost and cash flow management tools
- The possibility to create budgets and compare them with actual figures
Features
- Automatic transaction creation, using pre-set account identifiers
- On-line accounting
- Real time evaluation of work in progress by using costing models
- System budgeting including Excel integration to provide comparative system reporting between planned and actual performance
- Tools for generating monthly and annual financial statements including the possibility to close and protect a period against additional entries. Financial Report Writer (FRW) lets you create your own customised reports for internal or other purposes
- Overdue receivables management including the ability to generate dummy invoices and penalty invoices
- General ledgers
- Electronic approval of supplier invoices using workflow and electronic attachments
- Electronic communication with banks
- Tools for creating electronic VAT statements, control statements and recapitulative statements
- Automatic up to date exchange rate generation
- Daily, weekly and monthly cash flow visibility in a structure consisting of receivables, payables, sales orders, purchase orders etc.
- Cash administration and management tools
- System support for assets administration (files, reports, depreciation, technical improvement)
