Financial Management Overview
OneOffice has a full capability to support your financial management
requirements this offers support for multi-company and multi-divisional
structures, as well as multi-currency control. It offers a flexible general
ledger account code structure, budgeting, debtor, creditor and asset management
and powerful report generation.
The OneOffice philosophy of a single system across the whole business ensures
that financial data is simple to collect at all points across your business and
common financial information is available to all operation management throughout
your business. For example using the Alerts and Workflow technology, if a
customer is put on credit hold then anyone subsequently trying to place an order
for that customer will be warned that the order will be put on credit hold as
they start to enter it, then the relevant people can also be automatically
tasked with resolving the credit issues ahead of the order being fulfilled. This
straightforward approach of interactively providing people with information to
help them with a task they are performing increases both productivity and
customer service.
The capabilities in OneOffice for financial management include:
General Ledger
With a spreadsheet style layout
this is a comprehensive financial control system which is also easy to use. With
a range of features from journal entry through to sophisticated management
information reports the General Ledger is at the heart of OneOffice Financial
Management. In addition, it provides multi-currency, multi-divisional control
and multiple accounting periods running concurrently.
Sales Ledger
Maintaining records of
transactions between your company and your customers, this includes facilities
for credit management, as well as detailed enquiries and reports. With support
for a large number of payment methods and it also provides extensive debt ageing
options.
Purchase Ledger
This records transactions
between your business and your suppliers. Here OneOffice provides facilities for
cash flow management and supplier management analysis.
Asset Ledger
This contains a comprehensive
record of fixed assets held by the company, either as individual items where
they are of high value, or as a collection of similar items if they are not. In
addition, it supports multiple types of depreciation for different assets and
different classes of assets through to the general ledger.
Bank & Tax Manager
Providing controls for
all payments or receipts of funds for your business, this also facilitates the
reconciliation of transactions on your bank statements. The tax management
function provides a centralised management system for the control and
preparation of returns for appropriate taxation systems.
European Single Currency
For businesses based
in countries that are transitioning to the European single currency OneOffice
includes a full set of tools to support all phases of the transition from
national currency to the euro.
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