Financial Modules

The financial modules of Sage Accpac ERP – accounts receivable, accounts payable, the general ledger, and the system manager – are powerful tools to help you confidently manage your business’ complex finances.

Financial Modules

Available with full multicurrency capability, powerful bank reconciliation and tax reporting features, flexible transaction processing options, and informative dashboards for analytical reporting, Sage Accpac Core Financials help businesses succeed by accurately presenting valuable financial information in a clear, understandable format.

Sage Accpac ERP General Ledger Module

The General Ledger module is the foundation of your accounting system. It is designed to handle the most demanding budgeting and processing needs of organisations of all types and sizes.

Some key capabilities of Accpac General Ledger enable you to:

Create alphanumeric account numbers as long as 45 characters.
Flag General Ledger accounts as inactive to stop using them, but retain them in the system for historical and reporting purposes.
Maintain separate periods for adjusting and closing entries.
Assign different retained earnings accounts to different account segments.
Set up and schedule recurring journal entries for transactions that are processed on a regular basis.
Automatically create budgets using prior-year information or choose from seven other computation methods and lock budgets to prevent unauthorized changes.
Create fast, flexible and customised analytical reports, statements, graphs and charts, and automatically update budgets through full integration with Microsoft Excel.
Reverse a posted transaction.
Consolidate transactions by account, fiscal period and source ledger.

Sage Accpac ERP Transaction Analysis and Optional Field Creator Module

The Transaction Analysis and Optional Field Creator module enables you to customise Sage Accpac ERP with unlimited additional fields and provides comprehensive reporting and analysis capabilities across your entire accounting system. You can define unlimited text, amount, date, time, integer, number, and yes / no optional fields for use in all Sage Accpac ERP applications.

Sage Accpac ERP General Ledger Security Module

The General Ledger (G/L) Security module enables organisations to control which users can view or use certain general ledger accounts based on segment validation.

Some key capabilities of G/L Security enable you to:

Control access to any account in your general ledger by segment. This allows you to limit user activity to a prescribed set of accounts, blocking sensitive or confidential accounts from being seen or changed.
Set access rights for single or multi-segment validation or for single or multiple account validation.
Restrict users from viewing batches containing accounts from which they are prohibited.
Restrict users to adding accounts only to segments to which they have access. User restrictions can be added or removed at any time.
Restrict financial reports only to valid accounts.

Sage Accpac ERP General Ledger Consolidations Module

General Ledger (G/L) Consolidations lets you transfer and merge General Ledger account and transaction information between separate company and branch office locations whilst maintaining a comprehensive audit trail. It is also designed to enable subsidiaries and holding companies to run without being on the same network or accounting database. The system is available in two versions - a full version for the head office and a remote-sites version for branch offices.

Some key capabilities of G/L Consolidations Module enable you to:

Consolidate multiple general ledgers by transactions, net period changes, or account balances.
Consolidate general ledgers with differing fiscal years and fiscal periods, and with different account structures, using a mapping table.
Maintain a separate general ledger for your consolidated ledgers or consolidate with the head office / central general ledger.
Merge multiple accounts in subsidiaries into single holding company accounts.
Automatically perform currency translation with the provision of gain or loss on translation
Consolidate multi-currency and single currency accounts, and general ledgers with differing functional currencies
Translate amounts from functional currency or source currency in the originating ledger, and specify the translation rate type.

Sage Accpac ERP Multicurrency Module

The Multicurrency module delivers powerful and comprehensive multicurrency accounting functions. Sophisticated currency management and the ability to process transactions in any number of currencies give your business the global competitive edge required in today’s business world. Throughout Sage Accpac ERP, amounts are displayed in both source currency and functional currency, and the solution clearly distinguishes between the two on all screens.

Some key capabilities of Multicurrency

Unlimited currencies
Unlimited rate types
Print reports in both functional and source currencies
Enter transactions in any currency.
Process payments or receipts in any currency.
Restate outstanding source currency balances and transactions as exchange rates fluctuate with comprehensive currency revaluation.

Sage Accpac ERP Intercompany Transactions Module

The Intercompany Transactions module lets you enter General Ledger and Accounts Payable transactions that affect more than one company by automatically distributing transactions across two or more companies. In addition, its built-in flexibility automatically generates intercompany loan account entries according to user-defined relationship tables called routes.

The key capabilities of Intercompany Transactions enable you to:

Process intercompany General Ledger journal entries and intercompany Accounts Payable invoices, debit notes, and credit notes.
Create an unlimited number of routes to define relationships between companies, including multilevel routes.
Automatically make loan account entries for intercompany transactions and distribute invoices to as many General Ledger accounts as required by defining distribution sets.
Fully integrate with Tax Services to handle tax computations for expensed, allocated, or recoverable taxes.
Distribute transactions to companies with differing functional currencies.
Create routes with originating companies, intermediate companies, and destination companies having different functional currencies.