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Managing your company's financial assets requires a
sophisticated, but flexible system that has the features you need to simplify
and improve this critical aspect of your business. PRO:MAN's Financial
Management system is completely integrated, including general ledger, accounts
payable, accounts receivable, budgeting, fixed assets, production costing, and
financial statement generator. All processes are interfaced to eliminate
redundancy and facilitate efficient financial management.
General Ledger
- Supports unlimited number of fiscal periods
- All transaction dates are validated against the financial calendar
- Maintains chart of accounts Supports financial statement maintenance
including copy feature
- Supports individual or consolidated financial statements
- Allows recurring/reversing journal entries
- Accepts manual journal entries
- Shows individual general ledger transactions, selected by name or
reference
- Summarizes general ledger transactions (by date or period posted to), one
line of totals per item
- Allows for audit trails by date, by type, and by account
- Allows a separate posting of general ledger transactions by journal type
- Prints detailed trial balances
- Calculates and prints financial statements
- Prints user defined groups of standard financial statements (i.e.: a
monthly set, quarterly set, yearly set)
- Prints bucketed cash flow analysis (weeks) based on actual customer
receivable payment history (averaged)
- Calculates variances between actual and budgeted amount for financial
reporting
- Support year-end processing
- Supports multiple open fiscal periods (allows new month processing before
month-end close)
- Purges closed transactions to history on disk or to tape (provides an
audit report of records purged)
Accounts Payable
- Prints an aging of accounts payable
- Provides for manual entry of invoices
- Matches invoice to purchase order receipts
- On screen query with GL disbursement available
- Allows recurring AP transactions
- Posts purchase order variances
- Supports partial payments
- Supports check reconciliation
- Pays multiple invoices with one check
- Calculates discounts allowed
- Supports special payment status codes for holds and
priority payments
- Provides for option of payment by due date or by
individual invoice
- Prints accounts payable checks
- Printer management allowing jammed checks to be
easily voided and reprinted
- Reports payables on hold
- Has void check capability
- Provides for hand written checks
- Pays sales commissions
- Supports inquiry of unpaid or paid invoices
- Supports miscellaneous vendors (for US customers,
supports 1099 vendors)
- Purges closed transactions to history file on disk
or to tape (provides an audit report of records purged)
Accounts Receivable
- Has on-line transaction view of customers
- Calculates average accounts receivable days
- Prints an aging of accounts receivable
- Accepts cash for multiple invoices or on account
- Interfaces with sales order processing for credit
limit checks
- On screen query with general ledger disbursement
available
- Allows drill down for additional detail on selected
transactions
- Prepares customer statements
- Has on-line inquiry of check distribution
- Supports multiple cash accounts
- Calculates service charges
- Purges closed transactions to history file on disk
or to tape (provides an audit report of records purged)
Production Costing
- Supports three simultaneous costing methods:
- Standard
- Average
- Last
- Supports six cost components for each cost methods:
- Material
- Labor
- Outplant
- Fixed Burden
- Variable Burden
- Material Burden
- Tracks cost by work order including material, labor,
burden, and outplant
- Show part costs by routing sequence (audit showing
how costs were calculated
- Incremental cost increases displayed by routing
sequence
- Allows recording of labor at actual or standard cost
- Calculates and posts to general ledger the work
order variances for material, labor, burden, and outplant
- Daily and monthly production reports showing units,
dollars and actual efficiencies
- Stores month-end quantity and value of inventory for
delayed reporting
- Rolls up labor, burden and outplant costs from
routings for calculation of parts costs
- Allows manual maintenance of routing costs
- Calculates material costs using the bill of material
and adds routing costs to update part cost fields
- Accepts changes to part accounting value and records
general ledger transactions for inventory value change
- Reports work-in-process value
- Summary of Work-In-Process receipts for a work order
broken out by cost components (material, labor, overheads, etc.) for the
total production quantity and cost per unit
- Supports closing a work order short
- Lists summary of closed work orders showing all
variances and the general ledger accounts they were posted to
- Financial closing data for all cost components,
showing actual, standard, closing and variance
- Updates average and last costs for work orders
- Optional audit reports to show in detail how costs
were calculated
- Shows value of product at standard at each
operations step (used to determine cost of scrap, rework, etc.)
Budgeting
- Prints a budgeting worksheet
- Accepts fixed, annual, or variable budgets
- Interfaces with financial statements for comparisons
of actuals to be budgeted
Fixed Assets
- Maintains asset records
- Calculates depreciation (with a user definable
table)
- Straight Line
- 150% declining balance
- 200% declining balance
- ACRS method
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