Comprehensive, Fully GAAP-Compliant Accounting and Financial Software for Distributors
A Complete, US GAAP-Compliant Accounting System
Accolent ERP’s accounting and financial functionality monitors income, tracks expenditures, helps set budgets and records resources to enable you to manage your business. The Accolent ERP accounting system is built on a fully integrated General Ledger (“GL”) with multi-segment Chart of Accounts capability and is completely US GAAP-compliant. All accounting transactions are logged, auditable and posted immediately to the GL when saved. Complete GAAP financial statements created on a periodic basis allow you to manage and optimize financial performance.
General Ledger Chart of Accounts
Chart of Accounts permits unlimited GL Accounts and allows user-defined financial statements by Warehouse by Department. Detailed budgeting is available by GL Account by Warehouse by Department. All transactions are posted to default GL Accounts that have to be set up but these may be overridden by the user as desired.
Accounts Receivable
Accounts Receivable screen shows a Customer’s complete record of invoices, credit memos and payments with aging. Automated e-mailing or printing of invoices, statements and collection letters minimize your efforts to collect payment.
Take payments by cash, credit card, e-Check or ACH and apply to specific invoices or distribute over a number of open invoices. Accolent ERP is integrated with CardConnect®, a unit of FIServe/First Data one of the largest global transaction processors. CardConnect® optimizes interchange charges ensuring the lowest possible rate on every transaction, saving you money on payment processing.
Chart of Accounts permits unlimited GL Accounts and allows user-defined financial statements by Warehouse by Department. Detailed budgeting is available by GL Account by Warehouse by Department. All transactions are posted to default GL Accounts that have to be set up but these may be overridden by the user as desired.
Accounts Payable
Allocate expenses to multiple GL Accounts and track against budgets. Set default GL Account allocations by vendor to improve efficiency. Full-featured aging of Accounts Payable and ability to manage vendor payments by due dates, by your defined priority or to capture pay-by-date discounts. Easily select vendor invoices to pay and write checks.
Industries
Optimized for wholesale distribution across a number of vertical industries: auto parts, building materials, chemicals, fasteners, food & beverage, industrial, jan/san, restaurant supply and more
Accolent ERP Technology
There are good reasons that cloud-based ERP software is rapidly replacing on-premise business software. Learn why experts predict that 5 years from now on premise systems will be obsolete.
Implementation and Training
Let us show you how our comprehensive implementation and training programs will manage your transition and get you up and running on Accolent ERP quickly and painlessly.
Accolent ERP Accounting and Financial System Features
- Secure Access to Accounting Information– You can set access rights by Role to limit access to sensitive accounting information to appropriate personnel only
- Complete Integrated GL Chart of Accounts – Create unlimited GL Accounts specified by Warehouse by Department
- Immediate GL Posting of All Accounting Transactions – All accounting transactions immediately post automatically to the GL when the transaction is saved
- Default GL Allocations – For efficiency, default allocations are set up for all transactions but may be overridden by the user
- Audit Trail– All transactions are completely auditable and traceable in the system
- Full Drill-Down – All transactions can be traced back to each underlying transaction (e.g., payment discount given on a specific payment on a specific invoice)
- Financial Statements– Group GL Accounts (e.g., Checking Accout) by Account Group (e.g., Cash Accounts) by Sub-Account Type (e.g., Current Assets) by Account Type (e.g., Assets) to create GAAP-compliant Financial Statements by Warehouse by Department
- Bank Accounts –Supports multiple Bank Accounts with easy reconciliation of actual cash in bank to balance sheet and cash accounts
- Integration with 3rd party payroll– Accolent ERP has linked with multiple Payroll Processors to take a single integrated GL posting for each aggregated payroll payment
- Multi-currency– Supports for multiple currency transactions
Contact Us Today
Arrange a demo of Accolent ERP software.
Let us show you how Accolent ERP’s sophisticated accounting and financial features can improve your quality of outcomes, save you time and money, and increase the efficiency of your distribution business.
Schedule a Demo