Bizowie Cloud ERP | Overview


Financial Management Overview

General Ledger
Bizowie’s General Ledger offers a full-featured, GAAP-compliant interface to your chart of accounts. Easily manage your chart of accounts, make GL entries, and quickly run accurate financial reports – across the entire enterprise or dimensionally by operating entity, department, location, or employee.

Accounts Receivable
Bizowie’s Accounts Receivable (AR) module provides quick and easy billing from sales orders and service work orders. Multiple invoices per order are supported, and creation of ad-hoc credit or debit memos is easy with a click of the mouse. 

Accounts Payable
Bizowie’s Accounts Payable (AP) module makes it easy to manage your outstanding payables. Easily reconcile and match with purchase orders, ensure approval and receipt before payment is made, and manage deferred and prepaid expenses. 

Budgeting
Bizowie’s budgeting framework makes it easy to manage multiple organizational budgets, ranging from simple GL-based budgets to more complex managerial budgets based on department, cost center, project, or dimensional combinations.

Treasury Management
Bizowie’s Treasury Management module offers full-featured cash management, including vouchers/cash receipt posting, check printing (individually or in batches), bank reconciliation, bank deposit, and cash flow forecasting.

Multi-Entity/Multi-Company
Bizowie has full support for multiple legal entities and multiple sets of books. Intercompany transactions and consolidations can be configured to automate complex inter-entity activity.

Fixed Assets
Bizowie’s Fixed Assets module provides consolidated management of the financial and operational aspects of asset management. Handle depreciation and sale/disposal side-by-side with maintenance management, work orders, and operational data tracking.

Foreign Currency
Bizowie offers full support for foreign currencies across modules, including accounts held in foreign currencies and revaluations.

Sales Tax
Calculate, assess, and report on collected sales tax based on defined rules. 

Commissions
Automatically calculate sales commissions based on booked, recognized, or paid sales, and easily issue payments to sales reps.

Royalties
Designed for publishers and IP licensors, Bizowie’s Royalties module automatically records and accrues royalties based on advanced rules.