Financial Management for Genius ERP
Financial Management Module
Keep all your job, payment, and sales information in one place, for both your team and your customers. Genius Accounting and Financial management simplifies accounting for manufacturers. With just one system, connect finances, production, and all payment info to a specific job for easy tracking.
Genius ERP’s easy-to-use accounting module is synced with all parts of your business and projects, eliminating the need to maintain parallel systems. Genius Accounting includes accounts receivable, accounts payable, general ledger, and banking management modules.
The system is user-friendly, flexible, and intuitive. Our implementation team, rich in accounting experience and understanding of your business needs, can train your front office quickly.
Genius Accounting Module Features:
· Multi-currency exchange rate management and profit/loss calculation
· Multi-company capabilities
· Milestone payments/billing & revenue recognition
· Perpetual or periodic inventory management
· Ability to drill down to source transactions and keep an audit trail
· Reports, financial statements, and dashboards
· Unlimited data history access
· General ledger account code modification tool
· Chart of accounts structure with up to 5 segments
· Budget management, monthly or otherwise defined
· Recurring entries and reversing existing journal entries
· National customer account management
· Payment batches and multiple criteria selection
· Bank transactions paired with general ledger
Accounts Payable Module
Easily manage accounts payable and track of invoices with Genius Accounting. Genius ERP can generate payments for all invoices due, for a particular supplier, or only for specific invoices, letting you easily manage your invoices and payments.
Accounts Receivable Module
Keep on top of accounts receivable with Genius Accounting. Easily keep track of what payments have been made to which invoices, and know which invoices are outstanding with one centralized and automated system.
Business Intelligence Module
With good data comes reliable reports: the insights from Genius ERP are made easy to understand through a suite of reports and indicator options for SME manufacturers. Genius Business Intelligence & Analytics puts a range of reports at your fingertips, helping you to analyze information across your operations. Genius ERP lets you harness your corporate data, and pull out valuable insights and dynamic reports to better understand your business, achieve your goals — and ultimately grow your business.
Reach objectives by setting targets and measuring progress with each new job order. Generate accurate and real-time reports, built using Microsoft Report Building Technology (SSRS). Set up alerts to stay in control of your most important activities. Use live dashboards (late jobs, late employees, quote conversion rate, purchase order with backorders, etc.), help guide shifting priorities.
Information on the Dashboard
Genius ERP puts a range of reports at your fingertips, helping you to analyze information across your operations.
KPIs in Check
Reach objectives by setting targets and measuring progress with each new job order.
All Genius Manufacturing forms and reports are built on Microsoft Report Building Technology (SSRS).
Set up alerts to stay in control of your most important activities. Let live graphical dashboards (late jobs, late employees, quote conversion rate, purchase order with backorders, etc.), help guide shifting priorities.
Financial Reporting Module
Financial reporting is made easy with Genius ERP. Easily create accurate financial reports, with real-time data, to always know where you stand.
Improve profit margins by creating reliable financial reports that focus on both external profit building and internal cost reductions. Analyze information across multiple sources to set performance goals and create sophisticated profitability and financial models. Develop budgets that incorporate production, operations, sales, fulfillment, as well as up-to-date financial figures for optimal forecasting and planning.
Genius Financial Reporting Features:
· Reports on customers/vendors activities
· Reports on different journals (sales, receipts, purchasing, payment, general journal)
· Tax reporting
· Financial reports (balance sheet, income statement, trial balance)
General Ledger Module
Ensure your financial data is safe, secure and accurate. Genius Accounting directly connects your General Ledger to your job and client information. Manage, process and post all accounting transactions created throughout Genius ERP, as well as entries made directly within the General Ledger. Viewing, searching, and analysis becomes much simpler and faster with Genius Accounting. Users can quickly drill down from information in a general ledger entry to the related manufacturing transaction.
Multi-currency Management Module
Multi-currency exchange rate management and profit/loss calculation helps you manage an communicate with clients, no matter where they are located in the world.