Accelerate financial close with customized build in financial reports
General Ledger
-
Set up companies and post accounting entries to general ledger through journals.
-
Increase reliability in transactions by adding Dimensions in all ledgers for important parts of your business
Multiple currencies
-
Conduct business with customers and vendors in any number of currencies.
-
Store and adjust different currencies’ unrealized exchange gains or losses and generate accounting financial reports.
Budgets and cost accounting
-
Import budget information generated by Power BI and enhance calculation capabilities with Microsoft Excel.
-
Gain insight of costs through the visibility of actual and budgeted costs by operations, departments, products, and projects.
-
Analyse and explore actual and budget entries with user-defined scenarios. Explore possible forecast figures, and get real-time performance metrics while fostering compliance and security across subsidiaries.
Improve forecasting, and get real-time performance metrics while fostering compliance and security across subsidiaries
Consolidation and Intercompany postings
-
Consolidate companies from the same Business Central tenant and pull data directly into the consolidation company.
-
Manage accounting for more than one company in a posting process that includes one or more Business Central tenants or databases
-
Use sales and purchase documents with multiple currencies to reconcile intercompany balances.
Fixed assets handling
-
Track fixed assets such as buildings, machinery, and equipment. Post fixed-asset transactions such as acquisitions, depreciation, write-downs, appreciation, and disposal.
-
Support fixed asset allocation, insurance, and maintenance.
-
Easy to manage cash flow and financial reporting.
Cash flow forecast
-
Create basic cash flow forecasts that can be extended and adjusted.
-
Use Azure ML capabilities to generate cash flow predictions using Business Central data.
Electronic payments and direct debits
-
Create payment proposals based on vendors' documents and generate bank payment files in ISO20022/SEPA format
-
Provide efficient payment method to your customers by adding online payment services links (eg. Support PayPaL) to invoices in Business Central.
Reconciliation of incoming and outgoing bank transactions
-
Import bank transaction data from electronic files sent from your bank in ISO20022/SEPA format
-
Support electronic check writing as payment formant.
