...
- Chart of Accounts can be shared across Business Entities, Financial Years and Period Management
- Multi-Currencies for purchases and sales
- Bank Reconciliation process and import of bank statements
- GST Explorer shows the BAS elements with ability to drill to related journals
- General Journals, Standing Journals, for accounting purposes
- The concept of Control Accounts - no user can post to these accounts directly (eg COGS)
- Standard Financial Reports including Balance Sheet Report, Profit and Loss (Monthly) Report, Profit and Loss Report, Trial Balance Report and GST reports.
- Banking Batches to batch transactions together in the system that are a single line on the bank statement or cash amounts collected from customers
- Journal Batches to batch transactions together for many purposes
- All accounting is visible based on role on the related transactions
- Follow Setting up new Companies (new ABN's known as Host Company) when expanding or purchasing another business
- Later if you plan to collapse ABN's into an associated company there is a process to manage that and keep history
- You can build your own management reports using Design PL Report - putting the accounts and calculations as you wish to see them
- /wiki/spaces/SI/pages/33055071 for the financial year across the business in a top down / bottom up process across Revenue and costs that results in a "Fully Loaded Cost" value at the Article level.
- see GL Menu to navigate
...