Product Details

Global Shop Solutions

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Financial Management for Global Shop Solutions

Accounting Module

With Global Shop Solutions ERP software Financial Solutions, managing your manufacturing business’ finances is easier and more efficient than ever. Eliminate redundant data entry that wastes time, reduces accuracy, and adds to your administrative costs with the single-point entry process. Using real-time, accurate data from the integrated ERP software, end-of-month closing can be completed faster, for a leaner accounting process.

Customized Financial Reporting, Invoicing and Payroll

Our Financial Solutions allow your manufacturing management and accounting team to access data through one system for all your reporting, invoicing and payroll needs. Accounts receivable, accounts payable, payroll, budgeting, and general accounting calculations are rolled into one system that can access your real-time financial information.

Itemized Accounting with Pinpoint Accuracy

Make decisions based on real-time financial data instead of information that is several weeks old. Your general ledger accounting will be kept up-to-date with streamlined data entry options such as repeat and reversed journal entries, flexible periods and multiple year accounting generation.

Integrated Software for Simplified Payroll Processes

Our Financial Solutions allow for a payroll system that is integrated into your general ledger and shop floor data, easily distributing payroll accounting by department. The program offers simple direct deposit, easy tax reporting and interfaces with ADP®, ABRA, Paychex® and more.

Accounts Payable 

    • Direct tie to purchasing
    • Repeat payables
    • Quick check/manual check
    • Aging reports
    • Integrated with general ledger
    • Contact Manager

Accounts Receivable

· Direct tie to invoicing

· Easy cash receipt

· Refund checks

· Aging reports

· Integrated with general ledger 

Business Intelligence Module

With Global Shop Solutions Business Intelligence Overviews, you can analyze your business activity with charts, reports, and detailed drilldowns, including:

  • Management Summary
  • On-Time Analysis
  • Productivity Analysis
  • Vendor Analysis
  • Cost Analysis
  • Financial Analysis
  • Business Concentration
  • Purchase Price Trends
  • Outside Services
  • Quoting Won/Loss Analysis

Global Shop Solutions Business Intelligence gives you unlimited flexibility to design reports suited to the needs of diverse end-user groups. Distribute reports quickly and easily using email, Adobe PDF’s as well as Microsoft Excel and Word documents. Global Shop Solutions Business Intelligence enables you to:

  • Quickly and easily drag and drop fields from Global Shops Solutions’ SQL tables to create your own ad-hoc queries and reports
  • Customize the appearance and content of Global Shops Solution’s standard reports and forms
  • Preview the report during creation
  • Launch customized reports from the Global Shop Solutions main menu for future use

Cash Flow Module

Reconcile your AP/AR through the General Ledger. Global Shop Solution’s One-System ERP SolutionsTM software helps manage your cash flow through improved financial reporting and more accurate cost accounting.

Financial Management Module

Stop the wasted time of entering your manufacturing financial data twice — integrate your complete business for single-point real time data flow. Global Shop Solutions Financial software ensures general ledger, payroll, accounts, and fixed assets are efficiently maintained for accuracy and accessibility.

Bring visibility to operations finance in order to produce more accurate cost accounting, and reduce direct and in-direct costs. Global Shop Solutions, through company-wide integration and data entry, offers financial analytics via a single-screen system. No more having to bounce around a variety of screens to rapidly get the information you need. From the Global Shop Dashboard, your money as represented by production, estimate versus actual, and other financials is continuously tracked in order to make better business decisions.

Fixed Assets Module

· Track asset depreciation

· Choose tax vs. book depreciation method

· Integrated with general ledger

General Ledger

· Cash flow projection

· Allocations

· Repeat journal entries

· Reversing entries

· Budgets

· Prior year journal entries

· No month end procedure

· Financial statement generation

Purchasing & Accounts Payable

  • Buy in multiple currencies
  • Pay in multiple currencies
  • Accounting computed in home currency
  • Variance in exchange rate calculated and booked 

General Ledger Module

  • Consolidate companies with multiple home currencies
  • International consolidation in accordance with GAAP

Quoting/Order Entry/Shipping/Invoicing/Accounts Receivable

  • Quote/Invoice in multiple currencies
  • Receive cash in multiple currency
  • Accounting computed in home currency
  • Variance in exchange rate tracked and booked

International Accounting Module

Purchasing & Accounts Payable

  • Buy in multiple currencies 
  • Pay in multiple currencies 
  • Accounting computed in home currency
  • Variance in exchange rate calculated and booked 

General Ledger

  • Consolidate companies with multiple home currencies
  • International consolidation in accordance with GAAP

Quoting/Order Entry/Shipping/Invoicing/Accounts Receivable

  • Quote/Invoice in multiple currencies 
  • Receive cash in multiple currency 
  • Accounting computed in home currency 
  • Variance in exchange rate tracked and booked 

Multi-Currency Management Module

In a global economy, it’s vital to be able to speak multiple languages, and multiple currencies with fluidity. Directly through your Global Shop Solutions system, automate currency conversion in procurement and operations management between state-side operations and affiliates in other countries, and other currencies. Take advantage of supply discounts as a function of currency fluctuations within both the buying and selling process.

Payroll Module

· Integrated with data collection

· Integrated with general ledger

· Direct deposit

· Declining balance deductions

· Tax preparation reports

· Earnings and tax history

· 401(k) percentage and fixed

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