Compiere Business Solutions

Size: px
Start display at page:

Download "Compiere Business Solutions"

Transcription

1 Compiere Business Solutions Compiere Credit Management Tenth Planet Technologies

2 Table of Contents Introduction:... 3 Compiere Credit Management:... 3 Additional Features:... 4 Flexibility:... 4 Conclusion:... 5

3 Introduction: In the current business scenario, credit is the lifeline of any business. Most of the transactions involve credit to Customers as there is severe competition among different business enterprises to capture new customers and improve their market share. In their keenness to attract new customers some businesses provide more credits than what can be managed and end up in huge loss of revenue. If you let people buy products or services on credit, you are essentially lending money. If that money is not paid back, you could find yourself in a place where you can t pay your rent or cover payroll, and then you re damaging your own business. So it has become imperative for any business nowadays to manage efficiently the Credits given to customers to avoid loss of profit. Compiere Credit Management: Compiere provides multi-level credit management facility to efficiently manage customer credits. Compiere s Credit Management is part of Business Partner Management module which helps you to improve cash flow, increase efficiencies, optimize customer relationships and instill corporate and fiscal discipline. The different levels of Credit Management in Compiere are No Credit Check When this level of Credit Management is chosen for a particular Business Partner, it means there is no credit limit check for this partner. This means there will not be any credit check or alert when sales orders, invoices, and shipments are made for this Partner. An enterprise can opt for this level of credit check for a partner (Customer) who is having a very good and long-term relationship with the enterprise in terms of prompt payments and has a very good Credit profile. This level has to be manually set for the specific Partners. Credit OK This level of Credit Management is set manually by users, for those Partners for whom the system should check the Credit Worthiness and provide alert before allowing transactions to be processed. This level is set by users for most of the customers who are new to them and the credit worthiness of that particular customer is not yet ascertained by the enterprise. Credit Watch Credit Watch is a level of Credit Management that is set by the system automatically when the Outstanding Balance of a Partner exceeds 90% of his/her Credit Limit. In this scenario, each and every sales order created for this partner will have an alert during order processing to show the credit limit of the partner, how much is the outstanding balance from the partner that is pending? In this scenario still the system will allow to process the sales order. This is a first level of alert for the order processing team to decide about giving further credit on sales for the partner. Credit Hold This level of Credit Management is also set by the system automatically when the outstanding balance of a partner exceeds the Credit Limit. This level prevents the Customer from receiving Shipments, Accessing Assets or processing Orders. Only when payments are received from this customer for previous invoices that reduces their outstanding balance below the credit limit amount, further sales can happen for these customers. This level ensures that over credit is not given to any partner and loss of revenue is avoided. The system sets the levels Credit Watch and Credit Hold automatically based on the particular customer s outstanding balance and their credit limit.

4 Credit Stop The level of Credit Management that is manually set to customers for whom further should not be given and no invoices should be generated for Credit. This level is similar to the Credit Hold level but it is manually set. This level ensures that no further transactions are done with the customer unless or until further payments are received from the customer. Credit Watch %: Compiere allows setting a credit watch percentage at the Business Partner group level. This represents the percentage of available credit that can be used, before a Business Partner is moved from Credit OK to Credit Watch. This percentage can be set according to the needs of the business to get the necessary alerts at the right time. Additional Features: For one of our clients, we enhanced the Credit Limit management feature so that Credit Limits can be increased on a temporary basis for customers based on request and approval. notifications will be sent when request is created to alert the approvers about the request for them to approve the same. The approvers can be of 2 levels with different authorization amounts. These levels are associated to a role. A credit limit request raised by order processing team can be authorized by Level 1 role if the sum of (Credit Limit + proposed credit limit) amount of customer is below the Level 1 limit. If the sum of (Credit Limit + proposed credit limit) is above the level 1 limit, then those requests can be approved only by Level 2 roles. The temporary credit limit is valid only for a certain time period. Orders processed within the valid range can use that extended credit limit. Another way of managing the credit limit is to have a 2 step order processing authorization system. During the sales order process, if the outstanding balance goes beyond the credit limit of the customer, then the system does not allow the order to be processed. Only authorized personnel can access these kinds of orders and approve or reject the orders based on case-by-case basis. Flexibility: This enhanced feature in credit limit management provides additional flexibility to authorize a particular customer s case where the outstanding balance goes beyond the credit limit amount. This customer might be a valued customer, but due to short term cash crunch, he might not have paid the dues on time. In this case there is a genuine reason behind the outstanding balance going beyond the credit limit amount. So there should be an option in the system to override the system logic and allow the sales to be processed. During times of peak season or campaigns customers tend to buy more than the normal sales volume. During these times, the system should allow to provide additional credit for the customer so that sales happen without any interruptions. This allows for improved customer relations and improved sales. The key Benefits achieved by any Enterprise

5 Make Consistent, Informed Credit Decisions Compiere Credit Management lets you reduce credit risk through standardized credit models. Effective business evaluation of the customer s and their management team. Ongoing customer and vendor management. Building information resources for future growth. Conclusion: Good credit and collection policies provide both a measure of insurance and the power of information to all businesses. Smart business owners integrate them into the fabric of their operations, regularly monitor accounts, and use the information collected to make better decisions about sales, customer management, credit limits, and other areas, while benefitting from better cash flow, as payment is often received more regularly and with less effort.

Common Commercial Finance Challenges. That Can Be Solved More Easily Than You Think

Common Commercial Finance Challenges. That Can Be Solved More Easily Than You Think Common Commercial Finance Challenges That Can Be Solved More Easily Than You Think Common Commercial Finance Challenges That Can Be Solved More Easily Than You Think Is your business experiencing any of

More information

TIP #1: BUSINESS START-UP- 1% INSPIRATION, 99% PERSPIRATION

TIP #1: BUSINESS START-UP- 1% INSPIRATION, 99% PERSPIRATION Please find below Mississauga Business Enterprise Centre s (MBEC) Business Tips as seen on Business Tip of the Week on Rogers TV s in Business show: TIP #1: BUSINESS START-UP- 1% INSPIRATION, 99% PERSPIRATION

More information

Finance Suite - Invoicing Kit Customer, Vendor Self Billing and Third Party

Finance Suite - Invoicing Kit Customer, Vendor Self Billing and Third Party Finance Suite - Invoicing Kit Customer, Vendor Self Billing and Third Party This module handles the production of sales invoices; purchase self- billing invoices, movement instruction invoices, oncost

More information

City of Surprise Request for Information ERP and Community Development Software

City of Surprise Request for Information ERP and Community Development Software Availability of Modules system modules in your software using the response indicators below. Please feel free to include comments to explain 1: The module is part of the integrated software package we

More information

MAS 90 Demo Guide: Account Receivable

MAS 90 Demo Guide: Account Receivable MAS 90 Demo Guide: Account Receivable Customers, billing, and cash receipts are the lifeblood of any company. In this guide, we will look at where customers are set up, where invoices are entered, and

More information

Microsoft Dynamics GP 2010

Microsoft Dynamics GP 2010 Microsoft Dynamics GP 2010 Workflow Administrator s Guide March 30, 2010 Copyright Copyright 2010 Microsoft. All rights reserved. Limitation of liability This document is provided as-is. Information and

More information

Microsoft Dynamics GP Release. Workflow Administrator s Guide

Microsoft Dynamics GP Release. Workflow Administrator s Guide Microsoft Dynamics GP Release Workflow Administrator s Guide December 10, 2012 Copyright Copyright 2012 Microsoft. All rights reserved. Limitation of liability This document is provided as-is. Information

More information

M O N T H E N D / Q U A R T E R L Y / Y E A R E N D C H E C K L I S T S & P R O C E D U R E S ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE

M O N T H E N D / Q U A R T E R L Y / Y E A R E N D C H E C K L I S T S & P R O C E D U R E S ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE M O N T H E N D / Q U A R T E R L Y / Y E A R E N D C H E C K L I S T S & P R O C E D U R E S ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE PAYROLL GENERAL LEDGER PROCOM SOLUTIONS, INC. OAKLAND CENTER 8980-A ROUTE

More information

E-FILE. Universal Service Administrative Company (USAC) Last Updated: September 2015

E-FILE. Universal Service Administrative Company (USAC) Last Updated: September 2015 E-FILE USER GUIDE This document providers E-File users with an overview of E-File account management, managing entitlements, and instructions on how to submit forms, such as the FCC Form 498, FCC Form

More information

CHAPTER 6: SALES ORDERS

CHAPTER 6: SALES ORDERS Chapter 6: Sales Orders CHAPTER 6: SALES ORDERS Objectives Introduction The objectives are: Review the various forms and list pages for working with sales orders. Determine and apply different sales order

More information

Accounts Receivable. Chapter

Accounts Receivable. Chapter Chapter 7 Accounts Receivable The Accounts Receivable module displays information about individual outstanding income sources. Use this screen to verify that invoice receipts, cash receipts, and other

More information

HOW INTEGRATION WORKS...

HOW INTEGRATION WORKS... Contents INTRODUCTION... 1 How to Use This Guide... 1 Software Editions Supported... 2 HOW INTEGRATION WORKS... 3 INTEGRATION RULES... 4 SYNCHRONIZATION SETTINGS... 6 General Settings... 6 Send Settings...

More information

Financial. Management FOR A SMALL BUSINESS

Financial. Management FOR A SMALL BUSINESS Financial Management FOR A SMALL BUSINESS Welcome 1. Agenda 2. Ground Rules 3. Introductions FINANCIAL MANAGEMENT 2 Objectives Explain the concept of financial management and its importance to a small

More information

HOW INTEGRATION WORKS...

HOW INTEGRATION WORKS... Contents INTRODUCTION... 1 How to Use This Guide... 1 Software Editions Supported... 2 HOW INTEGRATION WORKS... 3 INTEGRATION RULES... 4 SYNCHRONIZATION SETTINGS... 6 General Settings... 6 Send Settings...

More information

Business Intelligence Accounts Payable Dashboard Job Aid

Business Intelligence Accounts Payable Dashboard Job Aid Business Intelligence Accounts Payable Dashboard Job Aid DASHBOARD AND DASHBOARD PAGES: DASHBOARD: Accounts Payable The data in the Accounts Payable dashboard is from the Cardinal Financial System Accounts

More information

Stated below are the SCIRE activity level control objectives for purchasing and accounts payable.

Stated below are the SCIRE activity level control objectives for purchasing and accounts payable. SCIRE PURCHASING AND ACCOUNTS PAYABLE AND SUMMARY The goals of the purchasing function at SCIRE are to achieve open, competitive and costeffective buying, while adhering to external funding sources for

More information

Entity Overview...6 Owners...6 Property...7 Tenant...8 Mortgage...9

Entity Overview...6 Owners...6 Property...7 Tenant...8 Mortgage...9 Operating Manual 1 Table of Contents Introduction 3 Business Elements 6 Entity Overview...6 Owners...6 Property...7 Tenant...8 Mortgage...9 Transactional details 10 Income Transactions... 10 Expense Transactions...

More information

DEBT RECOVERY POLICY

DEBT RECOVERY POLICY DEBT RECOVERY POLICY OBJECTIVE 1.1 The objective of the Debt Recovery Policy is: To ensure that money owed to the Comhairle is collected as soon as possible using efficient, effective and fair debt recovery

More information

Mothernode CRM ENTERPRISE (ERP) EDITION

Mothernode CRM ENTERPRISE (ERP) EDITION Mothernode CRM ENTERPRISE (ERP) EDITION Everything you need to run your business from sales to order fulfillment, inventory management to invoicing, and much more. Mothernode CRM The easiest way to run

More information

Claims FAIS User Manual

Claims FAIS User Manual Claims FAIS User Manual For Program Participant Staff Version 1.0 i Revision History Version Change Description Date 1.0 Initial Version 10/27/2011 ii iii Table of Contents 1. General Information... 1

More information

Store Manager POINT OF SALE Solution

Store Manager POINT OF SALE Solution Store Manager POINT OF SALE Solution Reasons to smile for you and your customers For you, each customer, each hour, each sale counts. Each day, your business has to be more profitable, more competitive

More information

Table of contents. Introduction to Small Business Cash Flow. Calculating your Company s Cash Flow. Timing your Cash Flow. Monitoring your Cash Flow

Table of contents. Introduction to Small Business Cash Flow. Calculating your Company s Cash Flow. Timing your Cash Flow. Monitoring your Cash Flow INTRODUCTION TO Table of contents Introduction to Small Business Cash Flow Calculating your Company s Cash Flow Timing your Cash Flow Monitoring your Cash Flow Meeting Cash Flow Challenges When and How

More information

THE FACTORING ESSENTIALS

THE FACTORING ESSENTIALS THE FACTORING ESSENTIALS New Cash Flow Consultants often come to Working Capital Company asking for help ranging from how to make a sales call to writing sample marketing letters. WCC has listened to our

More information

Introduction to Project Finance Analytic Methods

Introduction to Project Finance Analytic Methods Introduction to Project Finance Analytic Methods Renewable Energy and Project Development and Financing for California Tribes Sacramento, CA Jack Whittier, McNeil Technologies January 2008 Why? Use a model

More information

Payroll Liability Adjustment

Payroll Liability Adjustment County Accounting Manual Payroll Liability Adjustment Contents: Simple Adjustments Adjust Liability Balance Create Journal Entry Adjust Employee Deduction Adjust Employer Liability A payroll item may be

More information

SharePoint Services: Using Workflows

SharePoint Services: Using Workflows SharePoint Services: Using Workflows Table of Contents INTRODUCTION TO WORKFLOWS... 1 WHAT ARE WORKFLOWS?... 1 WORKFLOWS THAT ARE INCLUDED IN OFFICE SHAREPOINT SERVER 2007... 2 ABOUT ADDING A WORKFLOW

More information

EWL FINANCIAL Presents. Introduction to Factoring

EWL FINANCIAL Presents. Introduction to Factoring EWL FINANCIAL Presents Introduction to Factoring Factoring Overview To provide you with: 1. A basic understanding of factoring and relevant terminology. 2. A step-by-step explanation of the factoring product.

More information

ERP evaluation for Australian construction companies

ERP evaluation for Australian construction companies COMPLIMENTARY WHITE PAPER ERP evaluation for Australian construction companies (Choose right for maximised ROI) ERP evaluation for Australian construction companies (Choose right for maximum ROI) EVALUATING

More information

Big Lots Vendor Compliance Web Portal User Guide - Vendor

Big Lots Vendor Compliance Web Portal User Guide - Vendor Big Lots Vendor Compliance Web Portal User Guide - Vendor https://visibility.inovis.com/dataquality/xclient/biglots 1. To login to the system for the first time: Open the New User Notification Invite e-mail

More information

Changing from Cash to Accrual Accounting

Changing from Cash to Accrual Accounting Changing from Cash to Accrual Accounting Contents About Changing the Accounting Method Creating a Client Disb Recov (1210) Account Contacting LexisNexis PCLaw Technical Support Adjusting Disbursements

More information

Managing Cash Flow. A guide to help you broaden your understanding of how to manage cash flow in a small business

Managing Cash Flow. A guide to help you broaden your understanding of how to manage cash flow in a small business Managing Cash Flow A guide to help you broaden your understanding of how to manage cash flow in a small business This guide looks at the key elements of cash flow and working capital and how its management

More information

BillQuick Microsoft Office Accounting

BillQuick Microsoft Office Accounting Time Billing and Project Management Software Built With Your Industry Knowledge BillQuick Microsoft Office Accounting Integration Guide BQE Software, Inc. 2601 Airport Drive Suite 380 Torrance CA 90505

More information

Year End Closing 2013 Procedures for Sage 100 ERP. Martin & Associates

Year End Closing 2013 Procedures for Sage 100 ERP. Martin & Associates Year End Closing 2013 Procedures for Sage 100 ERP Martin & Associates MENU MAS 90 MAS 200 Order of Closing Order Own Closed Module 1 System Wide Backup 2 B/M Bill of materials 3 W/o Work order processing

More information

Dealing With Your Banker &

Dealing With Your Banker & Dealing With Your Banker & Other Lenders Your financing The success or failure of your business will depend on whether or not you have enough capital to: buy the equipment and inventory you need; pay overhead

More information

Popmoney FAQs. Send money to anyone using their email address, mobile number, or account information.

Popmoney FAQs. Send money to anyone using their email address, mobile number, or account information. Popmoney FAQs Frequently Asked Questions during Registration 1. What is Popmoney? Popmoney is an innovative personal payment service offered by leading financial institutions that eliminates the hassles

More information

VENDOR INSTRUCTIONS FOR ON-LINE REGISTRATION

VENDOR INSTRUCTIONS FOR ON-LINE REGISTRATION VENDOR INSTRUCTIONS FOR ON-LINE REGISTRATION All vendors doing business with The University of West Florida (UWF) are required to complete the registration process. Per Federal Tax Law, UWF must be able

More information

CHAPTER 5 ENHANCEMENT IN RECURRING PAYMENT& FLEXI RECURRING PAYMENT

CHAPTER 5 ENHANCEMENT IN RECURRING PAYMENT& FLEXI RECURRING PAYMENT CHAPTER 5 ENHANCEMENT IN RECURRING PAYMENT& FLEXI RECURRING PAYMENT 5.1 INTRODUCTION Recurring Payment is an integral part of the OPPS. The proposed system here will help to schedule the recurring payment

More information

S U M M A R Y O F T R A D E P O I N T E N T E R P R I S E F O R W I N D O W S C O R E F U N C T I O N A L I T Y

S U M M A R Y O F T R A D E P O I N T E N T E R P R I S E F O R W I N D O W S C O R E F U N C T I O N A L I T Y S U M M A R Y O F T R A D E P O I N T E N T E R P R I S E F O R W I N D O W S C O R E F U N C T I O N A L I T Y C U S T O M E R R E L A T I O N S H I P M A N A G E M E N T O V E R V I E W CRM: Contact

More information

Learn to Profit from Factoring

Learn to Profit from Factoring Learn to Profit from Factoring 2005-2016 The Finance Institute The History of Factoring Recorded history reveals that the concept of turning future payments into cash ( or cash equivalents) dates back

More information

THE EXPENDITURE CYCLE Part I

THE EXPENDITURE CYCLE Part I CHAPTER THE EXPENDITURE CYCLE Part I Businesses need resources in order to conduct their business to produce and sell a product or to provide a service. The expenditure cycle is concerned with the acquisition

More information

Selling a Small Business. and Succession Planning FOR A SMALL BUSINESS

Selling a Small Business. and Succession Planning FOR A SMALL BUSINESS Selling a Small Business and Succession Planning FOR A SMALL BUSINESS Welcome 1. Agenda 2. Ground Rules 3. Introductions 2 Objectives Change ownership of a business through selling, closing, or handing

More information

WORKING CAPITAL MANAGEMENT

WORKING CAPITAL MANAGEMENT CHAPTER 9 WORKING CAPITAL MANAGEMENT Working capital is the long term fund required to run the day to day operations of the business. The company starts with cash. It buys raw materials, employs staff

More information

How to set up a people based. accounting system that makes your. small business work for you. Thomas G. Post. Certified Public Accountant 281-351-2688

How to set up a people based. accounting system that makes your. small business work for you. Thomas G. Post. Certified Public Accountant 281-351-2688 How to set up a people based accounting system that makes your small business work for you. By Thomas G. Post Certified Public Accountant 281-351-2688 www.texastaxman.com 1 Title How to set up a people

More information

THE BENEFITS OF FINANCING

THE BENEFITS OF FINANCING THE BENEFITS OF FINANCING Haulotte Financial Services 1 THERE ARE PLENTY OF GOOD REASONS TO SELECT HAULOTTE FINANCIAL SERVICES Hold on to your cash In most cases, you can acquire the equipment you need

More information

3147 - Processing of Expense Report. Umoja Processing Expense Report Version 3 Last Modified: 28-April-15 1

3147 - Processing of Expense Report. Umoja Processing Expense Report Version 3 Last Modified: 28-April-15 1 3147 - Processing of Expense Report Umoja Processing Expense Report Version 3 Last Modified: 28-April-15 1 Agenda Course Introduction Module 1: Overview (Expense Report Process) Module 2: Create Expense

More information

The calculation of prudent reserve targets shall include consideration of the following factors:

The calculation of prudent reserve targets shall include consideration of the following factors: Governing Body Policies Article GB04-A RESERVE FUNDS POLICY. Sections: GB04-A-1 OBJECTIVES. GB04-A-2 SCOPE. GB04-A-3 DEFINITIONS. GB04-A-4 PROVISIONS. GB04-A-5 PROCEDURES. GB04-A-6 RESPONSIBILITY FOR ENFORCEMENT.

More information

The author is a Chartered Accountant from India (equivalent to CPA of USA). He has a flair for Technology, Business Consultancy, Financial Accounting

The author is a Chartered Accountant from India (equivalent to CPA of USA). He has a flair for Technology, Business Consultancy, Financial Accounting OVERVIEW OF LEASE MANAGEMENT - DHEERAJ PANJWANI The author is a Chartered Accountant from India (equivalent to CPA of USA). He has a flair for Technology, Business Consultancy, Financial Accounting and

More information

Financing you can count on! www.thnlending.com

Financing you can count on! www.thnlending.com Financing you can count on! www.thnlending.com What s included in the Acquisition of THN Lending THN Lending has a perfect credit rating (Debt Free) 2 American Express Credit Cards with limits of $20k

More information

BCS Certificate in Modelling Business Processes

BCS Certificate in Modelling Business Processes BCS Certificate in Modelling Business Processes NOTE: These are sample questions, with marking guidelines, for each of the BCS Diploma certificate modules. Each sample question has been written to help

More information

RIAS Phase II. Training. Check Your Journals. In This Issue

RIAS Phase II. Training. Check Your Journals. In This Issue RIAS Phase II August Issue Volume 1, Number 9 In This Issue Training Check Your Journals - Delete a Journal Easy Way to Create a Journal New Desktop Configuration Monthly Closing Schedule - Change a Period

More information

GETTING A BUSINESS LOAN

GETTING A BUSINESS LOAN GETTING A BUSINESS LOAN With few exceptions, most businesses require an influx of cash now and then. Sometimes it is for maintaining growth; sometimes it is for maintaining the status quo. From where does

More information

Please distribute to all Spectra users in your company.

Please distribute to all Spectra users in your company. Release 7.1.1 2013 General Release January 2014 Please distribute to all Spectra users in your company. Support Email: support@spectra.ca Visit us online at: www.spectra.ca Support Telephone: (866) 718-2345

More information

CHAPTER 9: ACCOUNTS PAYABLE SETUP

CHAPTER 9: ACCOUNTS PAYABLE SETUP Chapter 9: Accounts Payable Setup CHAPTER 9: ACCOUNTS PAYABLE SETUP Objectives Introduction The objectives are: Create a payment schedule. Create terms of payment. Create a payment day. Set up a cash discount.

More information

Sage Simply Accounting I Cash Flow White Paper. Cash Flow: The Lifeblood of Every Small Business

Sage Simply Accounting I Cash Flow White Paper. Cash Flow: The Lifeblood of Every Small Business I Cash Flow White Paper Cash Flow: The Lifeblood of Every Small Business Managing cash flow is the lifeblood of any small business, sometimes marking the difference between success and failure. Having

More information

Changing from Accrual to Modified Cash Accounting

Changing from Accrual to Modified Cash Accounting Changing from Accrual to Modified Cash Accounting Contents About Changing from Accrual to Modified Cash Accounting Adjusting GST/Vat and Sales Tax Adjusting Accounts Receivable Adjusting Receive Payments

More information

SBA S NEW SOP 5057 7(A) LOAN SERVICING & LIQUIDATION

SBA S NEW SOP 5057 7(A) LOAN SERVICING & LIQUIDATION 1 SBA S NEW SOP 5057 7(A) LOAN SERVICING & LIQUIDATION In association with COLEMAN PUBLISHING What changed? What you need to know. What we will cover in today s session: 2 Purpose of this new SOP What

More information

Fueling Your Business: A Guide to Financing Your Small Business. Identify different financing sources and choose the best for you

Fueling Your Business: A Guide to Financing Your Small Business. Identify different financing sources and choose the best for you Fueling Your Business: A Guide to Financing Your Small Business Identify different financing sources and choose the best for you Learning Objectives At the end of this module, you will be able to: Identify

More information

for Sage 100 ERP Accounts Payable Overview Document

for Sage 100 ERP Accounts Payable Overview Document for Sage 100 ERP Accounts Payable Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered

More information

SAP Business One. General Ledger Transactions Generated from Order to Invoice. ESAP SAP Business One Online University www.esapuniversity.

SAP Business One. General Ledger Transactions Generated from Order to Invoice. ESAP SAP Business One Online University www.esapuniversity. SAP Business One General Ledger Transactions Generated from Order to Invoice ESAP SAP Business One Online University www.esapuniversity.com Table of Contents Introduction... 3 Purpose of this document...

More information

Merchandising Chain Chapter 5 Trade Discount, Cash Discount, Markup, and Markdown Terminology Used in the Trade Discounts (5.1) Merchandising Chain

Merchandising Chain Chapter 5 Trade Discount, Cash Discount, Markup, and Markdown Terminology Used in the Trade Discounts (5.1) Merchandising Chain Chapter 5 Trade Discount, Cash Discount, Markup, and Markdown Merchandising Chain As a product is purchased and sold along a chain, each merchandiser adds a markup above the cost of buying to the merchandise.

More information

Glossary of Accounting Terms

Glossary of Accounting Terms Glossary of Accounting Terms Account - Something to which transactions are assigned. Accounts in MYOB are in one of eight categories: Asset Liability Equity Income Cost of sales Expense Other income Other

More information

Inventory and Loan Management System

Inventory and Loan Management System BLAZE TECHNOLOGY SOLUTIONS Inventory and Loan Management System SL.NO CONTENTS 1. Overview 2. Features 3. Screen Shots 4. Technologies 2002 2007 Blaze Technology Solutions (P) Ltd All Rights Reserved 1.

More information

THE KEYS TO SMART (AND PROFITABLE) BUSINESS CREDIT MANAGEMENT

THE KEYS TO SMART (AND PROFITABLE) BUSINESS CREDIT MANAGEMENT HOW STRONG BUSINESS CREDIT BUILDS YOUR COMPANY LENDERS YOUR BUSINESS CREDIT PROFILE Access better credit terms with key suppliers. Negotiate lower rates with lenders, and grow your business more quickly.

More information

Cashflow Management. What is cashflow

Cashflow Management. What is cashflow Cashflow Management This Fact File Information Sheet looks at the key elements of cashflow, and how effective cashflow management will help protect the financial security of a business. It outlines the

More information

FREQUENTLY ASKED QUESTIONS ONLINE BANKING

FREQUENTLY ASKED QUESTIONS ONLINE BANKING FREQUENTLY ASKED QUESTIONS ONLINE BANKING 1. Why is the bank changing the Online Banking system? Legence Bank strives to be on the forefront of technology. We believe our customers deserve a great, user-friendly

More information

Settle multiple bills through Bill Settlement in Tally.ERP 9

Settle multiple bills through Bill Settlement in Tally.ERP 9 Settle multiple bills through Bill Settlement in Tally.ERP 9 Did you know that the Tally.ERP 9 system lets you settle several outstanding bills for a party at one go? Bills for which the actual transfer

More information

ACH Internal Control Questionnaire

ACH Internal Control Questionnaire ACH Internal Control Questionnaire AUTOMATED CLEARING HOUSE (ACH) Assessment of the Adequacy of Internal Controls Completed by: Date Completed: Quality of Management and Support for ACH Processing Activity

More information

Foreclosure Prevention Guide

Foreclosure Prevention Guide Foreclosure Prevention Guide 8 Ways to Stop Your Foreclosure in Today s Challenging Economy About Foreclosure Foreclosure begins when a Homeowner is unable to make their mortgage payments on the scheduled

More information

AgExpert Analyst 2014

AgExpert Analyst 2014 AgExpert Analyst 2014 Meet the next generation of accounting software You work hard to make your operation successful. That means using the best, most up-to-date accounting software you can find. And that

More information

This policy applies to all communities and describes the following financial issues:

This policy applies to all communities and describes the following financial issues: General Financial Administration Issues Policy F6 Effective Date April 2002 Revision Date March 2016 Page Number 1 of 5 Approval Robert Wavey This policy applies to all communities and describes the following

More information

WEB-BASED TIME AND ATTENDANCE & DCAA COMPLIANCE

WEB-BASED TIME AND ATTENDANCE & DCAA COMPLIANCE WEB-BASED TIME AND ATTENDANCE & DCAA COMPLIANCE White Paper AUDIT CONCERNS Certain types of organizations who contract with the US Government must follow specific timekeeping guidelines set forth by the

More information

FDA STAFF MANUAL GUIDES, VOLUME III - GENERAL ADMINISTRATION FINANCIAL MANAGEMENT BUDGET EMERGENCY SALARY ADVANCES. Effective Date: 08/03/2009

FDA STAFF MANUAL GUIDES, VOLUME III - GENERAL ADMINISTRATION FINANCIAL MANAGEMENT BUDGET EMERGENCY SALARY ADVANCES. Effective Date: 08/03/2009 SMG 2310.3 FDA STAFF MANUAL GUIDES, VOLUME III - GENERAL ADMINISTRATION 1. PURPOSE FINANCIAL MANAGEMENT BUDGET EMERGENCY SALARY ADVANCES Effective Date: 08/03/2009 1. Purpose 2. Policy 3. References 4.

More information

INSPECTOR GENERAL. Availability of Critical Applications. Audit Report. September 25, 2013. Report Number IT-AR-13-008 OFFICE OF

INSPECTOR GENERAL. Availability of Critical Applications. Audit Report. September 25, 2013. Report Number IT-AR-13-008 OFFICE OF OFFICE OF INSPECTOR GENERAL UNITED STATES POSTAL SERVICE Availability of Critical Applications Audit Report September 25, 2013 Report Number September 25, 2013 Availability of Critical Applications Report

More information

How to Evaluate Dealer Management Systems

How to Evaluate Dealer Management Systems How to Evaluate Dealer Management Systems A Do-it-Yourself Guide System Overview pg. 3 Financial Management pg. 4 Purchasing pg. 5 Sales pg. 5 Parts pg. 6 Service & Warranty Management pg. 7 Hardware &

More information

OHIO SCHOOL FACILITIES COMMISSION FINANCIAL HARDSHIP LOAN PROGRAM GUIDELINES December 2003

OHIO SCHOOL FACILITIES COMMISSION FINANCIAL HARDSHIP LOAN PROGRAM GUIDELINES December 2003 OHIO SCHOOL FACILITIES COMMISSION FINANCIAL HARDSHIP LOAN PROGRAM GUIDELINES December 2003 Program Overview House Bill 94 of the 124 th General Assembly amended Section 3318.042 of the Ohio Revised Code

More information

PREPAID TRANSACTIONS IN PEOPLESOFT

PREPAID TRANSACTIONS IN PEOPLESOFT PREPAID TRANSACTIONS IN PEOPLESOFT Please note: This document is designed to be used online and has a number of embedded links to processes and additional information. We discourage the printing of manuals

More information

Cost of Credit. How much is customer credit REALLY costing your business? Tips & advice for effective credit management

Cost of Credit. How much is customer credit REALLY costing your business? Tips & advice for effective credit management Cost of Credit How much is customer credit REALLY costing your business? Tips & advice for effective credit management Group UK The best advice any business can follow to ensure they do not experience

More information

TOPIC NO. 20330 TOPIC PETTY CASH December 2008 Table of Contents

TOPIC NO. 20330 TOPIC PETTY CASH December 2008 Table of Contents Table of Contents Overview... 3 Introduction... 3 Policy... 3 Non-Routine Purchasing... 3 Routine Purchasing... 3 Small Purchases Charge Card... 3 Use of EDI for Repayment... 3 Definitions... 4 Change

More information

QuickBooks Online Training Workbook for Educators

QuickBooks Online Training Workbook for Educators QuickBooks Online Training Workbook for Educators 0 Contents Introduction to QuickBooks Online... 3 Objectives... 3 Accessing QuickBooks Online in your Internet Browser... 3 Downloading your Browser...

More information

Last Updated on 11/06/2008. www.jobprotech.com

Last Updated on 11/06/2008. www.jobprotech.com Last Updated on 11/06/2008 www.jobprotech.com Copyright JobPro Technology, 2008 How to Use this Guide This manual is designed as a reference for JobPro customers. It is not intended to be a replacement

More information

Changing from Accrual to Cash Accounting

Changing from Accrual to Cash Accounting Changing from Accrual to Cash Accounting Contents About Changing from Accrual to Cash Accounting Description of Accounting Methods Creating a Client Disb Expense (5010) Account Adjusting GST/Vat and Sales

More information

Financial. Management FOR A SMALL BUSINESS

Financial. Management FOR A SMALL BUSINESS Financial Management FOR A SMALL BUSINESS 1 Agenda Welcome, Pre-Test, Agenda, and Learning Objectives Benefits of Financial Management Budgeting Bookkeeping Financial Statements Business Financing Key

More information

The following options under the Financial area will be available on the Web as of the February 2016 Release.

The following options under the Financial area will be available on the Web as of the February 2016 Release. The following options under the Financial area will be available on the Web as of the February 2016 Release. Please Note: They will not be going away on PaC. Bank Reconciliation Overview Check Reconciliation

More information

Building a Good Budget. Identify your budget as a critical tool in greater profitability and business success

Building a Good Budget. Identify your budget as a critical tool in greater profitability and business success Building a Good Budget Identify your budget as a critical tool in greater profitability and business success Learning Objectives At the end of this module, you will be able to: Identify the importance

More information

Online Accounting Software CASH FLOW GUIDE

Online Accounting Software CASH FLOW GUIDE Online Accounting Software CASH FLOW GUIDE What Is Cash Flow? Cash flow is the movement of money into and out of a business. In other words, how much money is coming into your business from sales and how

More information

Workflow Instructions Entering an Electronic Check Request

Workflow Instructions Entering an Electronic Check Request 2010 Workflow Instructions Entering an Electronic Check Request The Workflow Electronic Check Request process enables a user to create a payment request from his/her desktop and successfully route it to

More information

If you would like translation assistance, please contact HR Direct at 866-473-4728.

If you would like translation assistance, please contact HR Direct at 866-473-4728. Dear Associate, Limited Brands offers two cost effective, environmentally friendly ways of delivering associates pay. You can choose the option that makes sense for you: either direct deposit or a Visa

More information

VERSION 7.44 Update YOU CANNOT MIX VERSIONS!!!

VERSION 7.44 Update YOU CANNOT MIX VERSIONS!!! VERSION 7.44 Update YOU CANNOT MIX VERSIONS!!! ALL modules on your system must be upgraded at the same time. Mixing versions can create unexpected errors that Data Pro will not be able to support. Effective

More information

Supplier Relationship Management Analysis PURCHASING FINANCIAL SUPPLIER BUYER PERFORMANCE ANALYSIS PERFORMANCE PERFORMANCE

Supplier Relationship Management Analysis PURCHASING FINANCIAL SUPPLIER BUYER PERFORMANCE ANALYSIS PERFORMANCE PERFORMANCE Supplier Relationship Management Analysis PURCHASING FINANCIAL SUPPLIER BUYER PERFORMANCE ANALYSIS PERFORMANCE PERFORMANCE Organizations today are spending as much as 60 percent of their revenue acquiring

More information

ACS Version 10.6 - Accounts Payable

ACS Version 10.6 - Accounts Payable ACS Version 10.6 - Accounts Payable Table Of Contents 1. Accounts Payable... 1 Accounts Payable Overview... 1 Accounts Payable Startup Outline... 2 Procedures Outline... 2 Customizing Program Defaults...

More information

Invoice Approval Using the Accounts Payable Module in the Munis ERP System

Invoice Approval Using the Accounts Payable Module in the Munis ERP System Fairbanks North Star Borough School District Invoice Approval Using the Accounts Payable Module in the Munis ERP System Prepared by: Accounting Services Department Version 9.1 Contents CHAPTER 1 - INTRODUCTION...

More information

The Official Guide. Choosing your Point of Sale

The Official Guide. Choosing your Point of Sale The Official Guide Choosing your Point of Sale Why do you need a Point of Sale (POS)? Owning a business is not easy. Business owners rely on efficient tools to help run every aspect of their business,

More information

(Refer Slide Time 00:56)

(Refer Slide Time 00:56) Software Engineering Prof.N. L. Sarda Computer Science & Engineering Indian Institute of Technology, Bombay Lecture-12 Data Modelling- ER diagrams, Mapping to relational model (Part -II) We will continue

More information

Sage Simply Accounting I Cost Management and Containment White Paper. Controlling Costs for your Small Business

Sage Simply Accounting I Cost Management and Containment White Paper. Controlling Costs for your Small Business I Cost Management and Containment White Paper Controlling Costs for your Small Business Regardless of the type of business you run, chances are costs have steadily been rising year over year. Larger enterprises

More information

BEDFORD PUBLIC SCHOOLS BUSINESS OFFICE PROCEDURES MANUAL

BEDFORD PUBLIC SCHOOLS BUSINESS OFFICE PROCEDURES MANUAL BEDFORD PUBLIC SCHOOLS BUSINESS OFFICE PROCEDURES MANUAL Revised 3-27-2014 TABLE OF CONTENTS Section 1: Section 2: Section 3: Section 4: Section 5: Section 6: Section 7: Section 8: Section 9: Cash Management

More information

Taking Care of Business

Taking Care of Business Taking Care of Business A Publisher s Cash Management Plan Part 2 Managing Your Accounts Receivable 2009 by Daniel R. Siburg, CPA, CVA & Howard W. Fisher Accounts receivable is a topic that every publishing

More information

EchoSign Integration

EchoSign Integration EchoSign Integration CURA Technical Support Email: cura_support@mindscope.com Phone: 1.888.322.2362 x 555 EchoSign Integration Page 2 Table of Contents Getting Started With EchoSign... 3 Sending Documents

More information

FOUNDATION EDGE Trading Terminal 1

FOUNDATION EDGE Trading Terminal 1 FOUNDATION EDGE User Manual Online Stock Getting Trading Started FOUNDATION EDGE Trading Terminal 1 Table of Contents TRADING TERMINAL... 1 1 ABOUT THIS DOCUMENT... 5 1.1 Document Composition... 5 2 INTRODUCTION...

More information