Ximple ERP Accounting software provides companies with integrated General Ledger, Accounts Receivable, Accounts Payable, and banking features (all of which are compliant with the Sarbanes-Oxley Act of 2002). These modules are based on a hierarchical approach that maps to management accounting and reporting needs. Companies can navigate from a high-level enterprise view down to specific accounts and individual transactions.
ERP Accounting System offers a wide range of reports for your business practices. It’s a paperless environment that generates real-time data, keeping you up to date on how your business is doing.
Software Designed to transform Wholesale Distribution Business
It offers a tool to plan, organize and control the funds flow to ensure adequate liquidity for the company.
It enables and accounting software for transactions, summarizing them, completing period end activities, posting to General Ledger, extracting key performance reports, and sharing them with the internal and external stakeholders.
Cost accounting involves tasks like setting up cost standards, tracking cost elements, analyzing variances, and reporting the cost information to the internal stakeholders.
The Accounts Payable module is a total payables management system that delivers flexible processing and reporting capabilities to control expenses while providing accurate, meaningful, and rapid reporting. The system offers a powerful Trade Bills tool that allows users to automatically link bills to their corresponding receipts.
Like all modules of Ximple, the AP accounting software module provides extensive inquiry and reporting capabilities that offer detailed and summary information on all payable activity within the organization. With multi-company, multinational and multicurrency support, flexible payment processing, advance tracking, invoice registration and easy external application integration, Ximple’s Accounts Payable is the total payables management solution for any organization.
Ximple’s accounts receivables provide comprehensive debit and credit management for your organization, that is integrated into the rest of the applications. The accounts receivables offer the most comprehensive toolset to manage your company’s assets. It allows the company to increase cash flow and reduce delinquent accounts through timely, accurate information.
The module uses predefined algorithms to help determine whether a payment should automatically be applied to a single item amount, the customer’s last statement balance, current balance or past due balance.
Our wholesale distribution ERP Accounting System – The invoicing module provides an easy and fast way to manage and print customer invoices. It also allows for a quick way to view your employee’s time sheets and work. Three powerful reporting tools are found within this module:
Generates current, up to the minute customer statements. This can be done for all customers or branches, or for a specific customer or branch.
Generates a customer’s sales report for a specific date range. Reports can be generated to show:
– Specific Product
– Type (quarterly, monthly, weekly or total)
– Include credits
– Show sales, profit or cost
Displays the customer’s up to the minute statement in HTML, PDF and MS Excel format, allowing you to use drill-down capabilities to search the system for the specific transactions displayed on the statement.
In an On-Premise ERP, the Customer manages both ERP Software and the technology infrastructure (Hardware) along with accounting software. This level of control enables the Customer to customize the software to suit their unique accounting processes. This flexibility comes at the cost of managing the unfamiliar terrain of managing the IT infrastructure.
In a Cloud ERP, the ERP Vendor manages Cloud-based ERP, both software and hardware. The Customer can configure the ERP Software to meet their business requirements. There is limited flexibility in customizing the application to meet the unique business processes. In some cases, the Customer will need to modify their business processes to suit the operations supported by ERP.
The main benefits of Cloud ERP are reduction in cost and complexity of managing the IT Infrastructure. Irrespective of Cloud or On-premise ERP, the key is to understand the critical business requirements and ensure that the ERP system that you choose can quickly meet those requirements.
It is an ERP module that can help you manage all financial data, including the general ledger. The Accounting module includes Accounts Payable, Accounts Receivable, bank reconciliation, balance sheet, and other financial reporting tools.
Yes, accountants use the accounting module in ERP to collect and process financial data. They then use this data to create financial reports like balance sheets, income statements, profit and loss accounts, and the statement of cash flow. As ERP collects and stores vital data automatically, it can save time for accountants.
No, QuickBooks is not an Enterprise Resource planning tool. Instead, Quickbooks can be a component of the ERP system if you add it. As ERP supports integration with other software tools, it is more flexible than a standalone tool like Quickbooks, which does only accounting and finance work.
The accounting ERP is a fundamental component of ERP. Hence, ERP is a comprehensive software solution with an accounting/finance module and several others. Choosing single accounting software like QuickBooks is okay if you only want help with bookkeeping and financial reporting.
An ERP system is necessary if you want to oversee all departments and record data as things happen. The accounting module has all the capabilities of a standalone solution like QuickBooks. Thus, it will do basic accounting and finance activities like accounts payable, accounts receivable, financial reports, invoicing, sales and revenue, etc.
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The cost of the Cloud-based ERP is low and easy to spread. Cloud ERP vendors run and maintain the software on the client’s behalf.
With General Ledger Software, there is a total record of all transactions associated with the business. The software structure can allow users to access information helpfully.
ERP and accounting software should have several features to be considered helpful. Including Automation, Updates, Scalable, Integration, and many more.