Accounting

Overview

The GoldFinch Accounting Module is an integral part of the GoldFinch ERP system, offering businesses a comprehensive solution for managing their financial operations. This module is designed to seamlessly integrate with other GoldFinch apps, such as Purchasing, Sales, Manufacturing, and Warehouse Management, enabling a unified system that simplifies accounting processes and ensures accurate financial reporting.

Key Features

1. General Ledger (GL) Management:

   • Manage your company's financial transactions with ease through a robust General Ledger system.

   • Track debits and credits, create journal entries, and generate financial statements to maintain a clear view of your financial health.

2. Accounts Payable (AP):

   • Automate the management of vendor invoices and payments.

   • Track outstanding bills, process payments efficiently, and maintain a clear audit trail for all vendor transactions.

3. Accounts Receivable (AR):

   • Manage customer invoices and collections with ease.

   • Track outstanding payments, process customer payments, and ensure timely collections to maintain cash flow.

4. Financial Reporting:

   • Generate comprehensive financial reports, including balance sheets, income statements, cash flow statements, and more.

   • These reports provide insights into your business's financial performance and can be customized to meet specific reporting needs.

5. Bank Reconciliation:

   • Reconcile bank accounts by matching transactions in the system with actual bank statements, ensuring accuracy in cash balances and eliminating discrepancies.

6. Multi-Currency Support:

   • Manage transactions in multiple currencies, automatically adjusting for exchange rate fluctuations and maintaining accurate financial records for international operations.

7. Fixed Asset Management:

   • Track and manage your company's fixed assets, including acquisition, depreciation, and disposal, ensuring compliance with accounting standards.

8. Tax Management:

   • Automate tax calculations and reporting, ensuring compliance with local tax laws and reducing the risk of errors in tax filings.

Key Advantages Over Other Accounting Packages on the Salesforce Platform

• No Integration Module Needed: Removes the need for a separate integration between ERP and Accounting, streamlining your operations within a single platform.

• Real-Time Financial Reporting: Run financial reports anytime, without the need to close accounting periods.

• Historical Reporting: Generate “As Of” reports for any historical date, covering essential areas like Inventory Valuation, AR Aging, and AP Aging.

• Comprehensive Payment Application: Apply payments directly to both invoices and credit memos, simplifying transaction management.

• Multi-Currency Credit Applications: Apply credit memos to invoices, even when they involve different exchange rates.

Training Video