Every aspect of business affects finances, requiring numerous man-hours to record and verify.
Tools are available to incorporate financial tracking across the entire organization.
Omniprise compartmentalizes each transaction as it is entered, effectively associating transactions to the most detailed level possible.
Manage books for multiple companies in different locations, divisions, and departments.
Create and maintain ledger accounts that are used throughout the system.
Slimline ledger of accounts by using department, division, and location associations to maintain multiple balance sheets within one company.
Accounting support for journal entries, fund transfers, book management, asset tracking, account budgeting, accounts receivables, accounts payables and much more.
Manage incoming bills through a sophisticated bill payment system.
Due dates are tracked to ensure on-time payment based on vendor payment terms.
Create bills from one or more purchase orders, memorize bills to be entered automatically at any time interval, save bills as
templates and create checks automatically from the make payments screen.
Write and manage checks on unlimited bank accounts and create checks directly from bills.
Track check numbers and verify print batch processing by bank account.
Monitor employee credit cards and bank debit cards with full credit card management.
Create and memorize customer invoices for recurring service charges or orders.
Track customer payment terms from the system with suggested payment terms on the invoice.
Batch invoices to be sent immediately or later as a group via email, fax, EDI, or standard mail.
Automatic customer statement creation prompts timely customer payments.
Track refunds and returns with complete credit memo support.
Gather and prepare groups of items such as invoices and purchase orders for bulk transactions via email, fax, EDI, or standard mail.
Observe transmission errors, view batch history and retransmit batch as needed.
Close books system-wide to prevent transaction changes after month/year close.
Reconcile
bank accounts each month and clear transactions daily with the built-in Clearing Manager.
Track banking deposits and receipt of customer payments.
Deposit customer payments into multiple bank accounts.
Record computer hardware and software inventory; associate software license with applicable computer.
Digitally archive software license keys and upload receipts for easy reference in the event of software audit.
All sales tax rates for states, cities, countries, municipalities, special taxes, and much more are automatically maintained by Omniprise.
Sales tax nexus may be created for each
applicable state
to drive reporting that will ensure state tax payments are made accordingly.