Financials
Because finance and accounting are the heart of every business,
GNUe Finanicals is the heart of GNU Enterprise. With it, you can
manage your cash, pay your bills, invoice your customers, allocate
budgets, manage your assets and analyze your costs.
Accounts Payable has the major functions of maintaining the Vendor
Master, paying suppliers on time while taking advantage of payment
discounts, processing memos and adjustments, avoiding duplicate
payments and avoiding bank overdrafts. You can enter invoices if
they have been mailed or faxed to you. Invoices can also be
created by GNU Enterprise from a Purchase Order. You can generate
payments in the form of paper checks/cheques or via electronic funds
transfers (EFT).
In addition to dealing with suppliers, Accounts Payable handles
reimbursing employee expenses.
For maximum benefit, Accounts Payables should be tightly
integrated withPurchasing and Cash Management. Purchase orders in
Purchasing give rise to invoices in Accounts Payables, and invoices
will give rise to payments which will show as bank statement
entries in Cash Management. They all form a workflow which is
part of the larger Supply Chain Management workflow.
Accounts Receivable has the major functions of maintaining the
CustomerMaster, receiving payments from customers, processing
memos and adjustments, generating statements and collecting past
due accounts. Invoices are transferred from Order Entry. Payments
can come in the form of paper checks/cheques or via electronic
funds transfers.
Each Customer Master has the total outstanding receivables as
well as the maximum allowable receivable. These two fields are
used to control thegranting of credit.
Cash Management forecasts future cash requirements by examining
Accounts Payable, Accounts Receivable, Payroll and Purchasing data
as well as forecasted income and investments. It also reconciles
bank accounts.
The Fixed Assets manages the depreciation on any assets with a
lifetime of more than one year. You can maintain multiple books of
depreciation to suit both statutory and business depreciation
schedules. The system maintains a description of the asset, its
location, the purchase price (and date), the
depreciation method and the accumulated depreciation. Assets can
be divided into categories.
Just as GNUe Financials is the heart of GNU Enterprise, General
Ledger is the heart of GNUe Financials. It collects data from other
sub-systems and maintains a central repository of transactions.
Every event that has a financial impact is ultimately reflected
in the General Ledger.
The Allocations function takes the balances of a series of
user-designatedGeneral Ledger accounts and distributes them on a
percentage basis to other user-designated accounts. You can use
this to allocate General & Administrative expenses to product
lines or profit centers.
The Recurring Transaction function stores commonly entered
transactions and enters them into the General Ledger data on
command from the user. Any transaction which is so generated
can also be automatically reversed.
Budgeting allows you to develop forecasts for your business,
controlexpenditures and monitor your actual performance on a
period by periodbasis. (note this might move into the
forecasting package)
Costing allows you to analyze your costs as a basic for
developing a selling price and to investigate variances between
standard costs and actual costs. (note this might move into the
forecasting package)
Financial Statements allows you to generate financial statements
for asingle legal entity. In future, they will allow you to
generate consolidatedfinancial statements. Financial Statements
will be an extension of GNUe Reports which allows for easy
generatation of custom reports against data in the General
Ledger.
Status
Proposals
have been written. No work yet done on implementation.
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