Acumatica Financial Management
From simple and practical accounting functionality for small businesses to feature-rich all-encompassing functionality for global or regulated businesses, the financial management application is the backbone of any business management software. Acumatica Financial Management provides organizations with the functionality to complete daily, monthly, quarterly, and annual tasks more accurately and efficiently.
Designed to provide a broad range of functionality and customization, Acumatica Financial Management software provide a feature-rich accounting suite, fully integrated with Acumatica’s Customer Management, Distribution Management, Manufacturing Management, Field Services Management, and Project Accounting product suites.
Learn more about each product below:
Core Financials in the Cloud?
Accounts Payable Management in Acumatica
Accounts Payable Management from Acumatica gives you the power to efficiently manage liabilities and payments for goods and services. Track and analyze outstanding invoice payments as well as available discounts, due dates, and cash requirements from anywhere thanks to Acumatica’s secure cloud delivery. Among the key features of Acumatica Accounts Payable software:
Multiple AP Accounts in GL
Vendor Refunds
Vendor Account Security
Multiple Currencies Support
AP Aging Reports
Audit Trail
Recurrent AP Documents
1099 Reporting
General Ledger in Acumatica
Create a central repository, fully integrated, with analysis and real-time reporting power. The center of any financial management application, an effective general ledger needs to track all financial transactions and is used to generate the company’s financial statements, including the Income Statement and Balance Sheet.
Acumatica General Ledger provides a wide range of features and functionality that are fully integrated with the rest of the Acumatica suite, providing decision makers with instant access to mission-critical financial data with comprehensive and flexible reporting and analysis of ledger accounts, income, expenses, and assets.
Advanced Financial Reporting
Flexible Configuration of Financial Periods
Multiple Currencies Support
GL Accounts Budgeting and Budget Approval
On-The-Fly Sub-Account Entry
Automatic Allocation of GL Balances
Drill Down to Original Documents
Reversing and Auto-Reversing Entries
Recurring Transactions
Audit Trails
Split Transactions
Accounts Receivable in Acumatica
Automate invoicing with the advanced functionality of Acumatica Accounts Receivable. Generate invoices, send statements, collect and apply payments, verify balances, track commissions, and deliver customer reports using this fully integrated product. Key features include:
Recurring Billing
Multiple AR Accounts in GL
Multiple Currencies Support
Automated Tax Reporting
Customer Balances and Credit Limit Verification
Payment Reversal and Automatic Payment Application
Sales Commission Calculation
Overdue Charges Calculation
Small Balances Write-off
Customer Account Security
Audit Trails
Support for the Authorize.Net API
Cash Management in Acumatica
Control day-to-day transactions, cash balances, funds transfer, and bank account reconciliation. Acumatica cash management provides essential functionality allowing you to track the current health of your company using commonly accepted accounting techniques.
Manage and take control of day-to-day transactions, cash balances, funds transfers, and bank account reconciliation in one place; this integrated application gives you the accuracy and real time information you need to make smarter business decisions. Key features include:
Petty Cash Management
Remittance and Payment Instructions
Processing Centers
Multiple Currencies Support
Cash Account Security
Cash Account Reporting
Audit Trail
Currency Management in Acumatica
Do business internationally and manage international subsidiaries. Global businesses need effective and automatic currency management that can help minimize a company’s risk and protect your financial health. Acumatica currency management gives the control that organizations need to manage international subsidiaries, vendors, and customers.
Key features of this platform include:
Revaluation of GL Accounts
Unlimited Currencies and Rate Types
Configurable Decimal Precision
Automatic Handling of Rounding Differences
Complete Tracking of Gains and Losses
Currency Rate Lookup
Historical and Auditing Reports
Audit Trail
Tax Management in Acumatica
Support centralized tax configuration, management, and reporting with a tax management software that streamlines and automates processes in a centralized, easy-to-use application. Acumatica tax management gives you the power to configure your taxes the way you want, integrate with the modules you need, and simply prepare tax reports with the click of a button. Key features include:
Flexible Tax Reporting
Tax Transactions Drill Down
Integration with Sales Tax Rate and Compliance Automation
Direct Tax Adjustments
Audit Trail
Deferred Revenue Accounting
Systematize and accurately account for revenue recognition in future periods. Acumatica deferred revenue accounting provides the control and visibility you need to comply with current and future accounting standards. Integrated with other financial modules, this flexible deferred revenue accounting platform is fully ready for ASC 606 and IFRS 15 standards, and provides businesses the following features:
Deferred Revenue Administration
Component Based Revenue Recognition
Deferred Revenue in Multiple Currencies
Advanced Recognition Scheduling
Automated Reporting
Audit Trail
Intercompany Accounting and Intercompany Reconciliation
Direct financial reporting, payments, cash management, and inter-entity transfers among multiple entities. Acumatica Intercompany Accounting simplifies the process of tracking and removing intercompany transactions and transfers.
Companies using Acumatica can track financials and create reports for an unlimited number of related companies within your organization. Related companies can share charts of accounts, calendars, and currencies, as well as non-financial data. Key features include:
Account Based Controls
Centralized Purchasing and Invoicing
Company Bank Accounts
Asset Transfers
Account Allocations
Recurring Revenue Management
Manage recurring billing for accuracy and visibility. Acumatica Recurring Revenue Management gives you the control and flexibility you need to manage your business now and in the future. Automate the billing process, take advantage of billing flexibility, and grow your business with this automated and integrated tool. Key features include:
Flexible Pricing Models
Ability to Modify Billing Contracts
Simple Renewals
Billing Rules and Templates
Accurate Billing
Fixed Assets
Track fixed assets and manage depreciation calculations with the automated, integrated Fixed Assets Management platform from Acumatica. Acumatica lets you gain complete visibility of fixed assets and depreciation calculations, with many different ways to add fixed assets to the platform. With purchase order integration, a wide variety of depreciation methods, and flexible user friendly tax support, Acumatica helps you gain visibility and become compliant. Key features include:
Multiple Depreciation Books
Multiple Asset Types
Multiple Averaging Options
Fixed Asset Tools
Fixed Asset Classes
Fixed Asset Reporting
US Tax Bonuses
Mobile ERP Applications
Enable employees to enter time and expense, review cases, approve orders, and assign tasks from anywhere, at any time. Mobile ERP has become a necessity for businesses in need of flexible and accessible software for a mobile workforce and Acumatica delivers. Acumatica’s mobile ERP solution provides access from any internet-connected device, offering secure access to the functionality necessary to each employee.
Real-Time Access
Custom Functionality
Automatic Synchronization
Mobile-Ready Security
Human Resources Management
Manage and automate employee and company-wide data, including applicant tracking, benefit management, and time and attendance. Acumatica’s human resources management system, developed by InfinityHR, provides comprehensive HR functions for companies to manage, maintain, communicate, and automate employee and company-wide data. Offering a wide variety of permission levels, anytime, anywhere access, enhanced compliance, and reductions to administrative costs, key features include the following:
Applicant Tracking
Employment Screenings and Solutions
Employee Self-Service
Benefits Management
Open Enrollment Packages
Employee Surveys
Time Off Tracking
Workflow Management
Performance Management
Advanced Reporting
Payroll Management in Acumatica
Acumatica Payroll Management developed by InfinityHR, integrates Acumatica with employee data to handle all payroll functions for your company (or multiple companies). Designed to automate payroll, Acumatica takes the stress and hassles out of the data entry process. Integrate with other platforms, leverage anytime anywhere access, reduce administrative costs and more with this intuitive platform. Key features include the following: