Acumatica Cloud ERP Financial Management Suite
Why Choose Acumatica Financial Management Suite
Acumatica Financial Management provides businesses with a full suite of accounting functions to track daily financial operations and generate quarterly and annual financial statements. In addition, it provides tools for reporting, analysis, budgeting, and planning.
Designed for companies with complex requirements, yet easy to use in smaller organizations, Acumatica Financial Management Suite provides feature-rich accounting solutions that are fully integrated with Customer Management, Distribution Management, Manufacturing Management, Field Services Management, and Project Accounting.
Key Benefits of Financial Management Suite
Close your books faster with Acumatica’s time-saving automation and workflow. Efficiently handle month-end activities with fewer errors.
Single Version of the Truth
Gain accurate, real-time visibility into business activities and performance with financial reports and personalized dashboards that access the shared, centralized database (single version of the truth).
Work Locally and Internationally
Reach international markets effectively with cloud multi-currency, multi-language, and multi-company capabilities. Acumatica finance management software also offers localized functionality.
Manage Multiple Entities
Use Acumatica’s financial management systems to integrate financials across multiple business entities, including automated reporting, consolidation, payments, and cash management. Supports independent balance sheet and separate tax reporting.
Migrate Legacy Data
Users can migrate Accounts Payable and Accounts Receivable historical data from a legacy system to Acumatica ERP, including open balances, original amounts, and dates, without affecting the general ledger.
Acumatica Cloud ERP Financial Management Suite
Acumatica Cloud ERP Financial Management Suite Modules
General Ledger Module | View Product Sheet
The hub of Acumatica’s finance system, the General Ledger module is the central repository for collecting and analyzing your financial information. Dozens of pre-designed reports can be tailored for departmental or individual use through filtering and sorting options at runtime. General Ledger data can also be presented in dashboards or viewed online via inquiry screens. Entries can be made directly into the General Ledger or they can be made from other Financial Suite applications and posted in detail or summary into the General Ledger.
Accounts Receivable Module | View Product Sheet
The Accounts Receivable module allows companies to manage receivables and automate the tasks of invoicing customers and collecting payments. There are several time-saving features such as defaulting of customer information on entry, automatic tax computation, commission calculation, discounts, and due dates calculation. Report and inquiry screens allow you to monitor customer balances, credit limits, pending documents, check aging buckets, and view other customer-related information.
Accounts Payable Module | View Product Sheet
The Accounts Payable module allows companies to efficiently manage liabilities for purchased or received goods and services. This module accumulates, stores, and organizes vendor information and documents to automate the payment process. Transactions can be entered quickly and accurately with automatic population of default vendor information and accounts, automated calculation of taxes, flexible payment schedules, cash discounts, and more. Comprehensive reports and inquiry screens provide a complete overview of current AP state and analysis of historical vendor performance.
Cash Management Module| View Product Sheet
The Cash Management module provides functionality required for managing day to day operations related to cash transactions, cash balances, funds transfer, and bank account reconciliation. The Cash Management module is integrated with the General Ledger, Accounts Payable, and Accounts Receivable modules to centralize all cash management functions such as bank reconciliation, daily cash balances, and cash management reporting.
Currency Management Module | View Product Sheet
The Currency Management module provides functionality to support multiple currencies so you can do business internationally and manage international subsidiaries. The CM module maintains a list of currencies, tracks exchange rate fluctuations, and performs periodical revaluations for currency denominated accounts and documents in foreign currencies with automatic calculation of gains and losses. Flexible translation options allow you to configure reporting in a foreign currency if needed and automatically performs currency translations.
Tax Management Module | View Product Sheet
The Tax Management module provides centralized tax configuration, management, and reporting. The TX module stores system taxation settings and provides tax audit and tax reporting functionality. Taxation settings are used across the system to provide accurate and consistent collection of tax information. Tax audit and reporting functionality provide users with functions required for preparing reports for Tax Agencies and preparing supporting documents required for tax audit and filing.
Deferred Revenue Management | View Product Sheet
The Deferred Revenue Management module allows you to automate and accurately account for situations where you need to recognize revenue in future periods. Create centralized deferral schedules and link them to any transaction line item or inventory component. Deferred revenue features are integrated with all other financial modules so you can link them with sales orders, purchase order, and inventory items. By linking deferred codes to transactions in the Accounts Payable module, you can amortize expenses.
Inter-Company Accounting* | View Product Sheet
Inter-company Accounting automates financial reporting, payments, cash management, and inter-company transfers across multiple related companies. The features are integrated with other Acumatica modules so you can manage inter-company payments in AP, centralize invoicing in AR, create inter-company journal transactions in the GL, manage inter-company goods transfers in inventory management, setup company-specific cash accounts in cash management, and more.
Recurring Billing | View Video
Advanced Revenue Management from MaxQ gives you the flexibility and control you need to effectively manage contract life cycles with a single point of data entry. Streamlined contract management features enable quick and easy setup of customer billing cycles, revenue recognition cycles, and renewal processes. Revenue and revenue recognition schedules are automatically generated and consolidated to accurately book revenue in the right accounting period and according to the proper rules set by your accounting procedures. The system also provides the ability to easily recognize revenue based on percentage complete by project or contract.
Fixed Assets Management Module* | View Product Sheet
The Fixed Assets Management module provides complete visibility into your assets and depreciation calculations. You can add fixed assets directly from AP purchases, import them from a file, or add them individually. Select from a huge number of pre-defined depreciation schedules or create custom schedules for accurate accounting and reporting. Utilize special books to track tax and reporting scenarios separately from your general ledger accounts.
Mobile Applications | View Product Sheet
Acumatica allows remote access using the iOS and Android native app or using any web browser on any device. Acumatica offers dedicated apps for mobile CRM, mobile sales orders, project time cards, and much more.
Acumatica Payroll delivers pay to employees via check or direct deposit while simplifying payroll setup, processing, and reporting. Fully integrated with the Acumatica Financial Management Suite, Acumatica Payroll offers all the functionality you need to easily pay your employees and manage tax filings. Out-of-the-box reporting and inquiry screens allow you to easily access and analyze payroll information.
* Please note that Fixed Assets, Inter-Company Accounting, and Payroll are sold separately
Acumatica Cloud ERP Suites
Financial Management Suite
A powerful set of financial applications used by almost every organization, no matter how complex or simple requirements are. Bring rigor to business processes in a user-friendly way.
Distribution Management Suite
Works together with the Financial Management Suite as a full distribution solution. Starting from the requisition process to purchasing, order management, inventory tracking, automated inventory replenishment suggestions, and more.
Customer Management Suite
Fully integrated with the Financial Management and Distribution Management Suites, the Customer Management Suite fosters a team approach. Dashboards and reports provide real-time sales data to accurately manage forecasts, quotas, and results.
Project Accounting Suite
With the Project Accounting Suite, deliver on project objectives on time and on budget. Manage complex reporting requirements. Include projects in company-wide financial reports.