Accounts & Finance Management
To manage financial data, processes, and transactions within an organization.
Here are some key features in Targets(A&FM)
General Ledger (GL)
Manage the organization's financial accounts, including charts of accounts, journal entries, and trial balances. Keep track of debits, credits, and account balances.
Accounts Payable (AP)
Manage the organization's payables by tracking invoices, processing payments, and managing vendor accounts. Handle expenses, vendor statements, and payment terms.
Accounts Receivable (AR)
Track customer invoices, manage receivables, and handle collections. Monitor customer accounts, generate invoices, and manage payment receipts.
Cash Management
Monitor and manage cash flows, including bank reconciliation, cash forecasting, and handling petty cash expenses.
Budgeting and Forecasting
Create and manage budgets for different departments or projects. Compare actual financial performance against budgeted figures and create forecasts.
Fixed Assets Management
Track and manage the organization's fixed assets, including acquisitions, depreciation, disposals, and maintenance.
Financial Reporting
Generate a variety of financial reports such as income statements, balance sheets, cash flow statements, and custom reports to provide insights into the organization's financial health.
Intercompany Transactions
Manage financial transactions between different entities or subsidiaries within the same organization.
Tax Management
Automate the calculation and tracking of taxes, including sales tax, VAT (Value-Added Tax), and other applicable taxes based on the organization's jurisdiction.
Financial Consolidation
Consolidate financial data from different departments or subsidiaries to provide a unified view of the organization's financial performance.
Audit Trails
Maintain a detailed audit trail of financial transactions for transparency and accountability, which can be crucial for audits and regulatory requirements.
Expense Management
Track and manage employee expenses, including travel expenses, reimbursements, and approvals.