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:

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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:

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Multiple AP Accounts in GL

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Vendor Refunds

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Vendor Account Security

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Multiple Currencies Support

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AP Aging Reports

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Audit Trail

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Recurrent AP Documents

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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.

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Advanced Financial Reporting

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Flexible Configuration of Financial Periods

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Multiple Currencies Support

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GL Accounts Budgeting and Budget Approval

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On-The-Fly Sub-Account Entry

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Automatic Allocation of GL Balances

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Drill Down to Original Documents

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Reversing and Auto-Reversing Entries

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Recurring Transactions

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Audit Trails

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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:

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Recurring Billing

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Multiple AR Accounts in GL

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Multiple Currencies Support

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Automated Tax Reporting

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Customer Balances and Credit Limit Verification

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Payment Reversal and Automatic Payment Application

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Sales Commission Calculation

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Overdue Charges Calculation

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Small Balances Write-off

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Customer Account Security

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Audit Trails

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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:

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Petty Cash Management

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Remittance and Payment Instructions

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Processing Centers

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Multiple Currencies Support

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Cash Account Security

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Cash Account Reporting

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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:

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Revaluation of GL Accounts

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Unlimited Currencies and Rate Types

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Configurable Decimal Precision

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Automatic Handling of Rounding Differences

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Complete Tracking of Gains and Losses

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Currency Rate Lookup

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Historical and Auditing Reports

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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:

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Flexible Tax Reporting

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Tax Transactions Drill Down

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Integration with Sales Tax Rate and Compliance Automation

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Direct Tax Adjustments

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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:

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Deferred Revenue Administration

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Component Based Revenue Recognition

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Deferred Revenue in Multiple Currencies

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Advanced Recognition Scheduling

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Automated Reporting

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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:

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Account Based Controls

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Centralized Purchasing and Invoicing

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Company Bank Accounts

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Asset Transfers

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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:

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Flexible Pricing Models

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Ability to Modify Billing Contracts

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Simple Renewals

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Billing Rules and Templates

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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:

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Multiple Depreciation Books

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Multiple Asset Types

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Multiple Averaging Options

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Fixed Asset Tools

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Fixed Asset Classes

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Fixed Asset Reporting

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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.

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Real-Time Access

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Custom Functionality

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Automatic Synchronization

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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:

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Applicant Tracking

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Employment Screenings and Solutions

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Employee Self-Service

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Benefits Management

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Open Enrollment Packages

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Employee Surveys

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Time Off Tracking

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Workflow Management

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Performance Management

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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:

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Payroll Management

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Time and Attendance

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Federal and State Forms and Reporting

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Expense Tracking