Finance
Both OfBiz and Opentaps offer extensive financial management tools with General Ledger and Budgeting capabilities. Extensive automation enables you to dramatically reduce time and effort on key accounting tasks. You can also taylor the financial management module to track and analyse your financial information in the way that best suits your business. Both OfBiz and Opentaps offer high levels of customisation of accounting structures and reporting so that you can design them to serve your needs best. Full interoperability with other OfBiz and Opentaps ERP modules is provided and extensive API and data format support enables import and export with other third party financial, payroll, and HR applications.
Feature summary…
Flexible Accounting StructuresDesign an accounting structure to suit your business or create unique structures for each company in your organisation. |
Flexible Account and Transaction ManagementManage accounts and transactions with unlimited flexibility using user-defined accounting structures, definable fiscal periods, prior-yearadjustments, batch posting, cross-module auditing, and more. |
Enterprise Information AccessFind and analyse the exact information you need through the tight integration of Order Management and Procurement modules within OfBiz and Opentaps. |
Intra year BudgetingSelect a start and end date to support budgets of varying time intervals, such as quarterly, half yearly etc. |
Interfund AccountingHelp reduce errors associated with manual reconciliation of funds.Transfer balances between accounts accurately and efficiently. |
International SupportSupport multiple currency entries and Accounts without affecting consolidation or reporting. |
Easy entry editing capabilityDuplicate existing General Ledger entries. Reduce data entry and increase accuracy by duplicating an existing General Ledger transaction and using it as the basis for new transactions.Quickly void, change or delete unposted transactions, back out or reverse posted transactions, and post corrected entries—all with full audit control. |
Make General Ledger Accounts InactiveMaintain precise control with the ability to mark both posting and individual accounts inactive at any point in time |
General Ledger ReportingEasily create comprehensive reports consolidating information from multiple companiesImprove advanced financial analysis capabilities by modifying existing General Ledger financial reports or creating new reports Achieve a detailed view of your accounting transactions, and enable deep analysis by organizing data hierarchically for multi-level reporting |
