OmegaCube - Version AR/AP/GL -Accounting Software

ACCOUNTS PAYABLE

• Generate automatic credit memos from purchase returns.
• Conduct two way reconciliation of AP invoice with goods receipts.
• Conduct batch payment or manual payment processing.
• Conduct automatic calculation of discounts.
• Conduct down-payment processing for full or partial payments.
• Print checks for vendors using laser, dot-matrix or other methods.
• Review check batch numbers before printing checks.
• Write checks from multiple bank accounts, and credit lines.
• Block invoices from payments.
• Track accrued payables.
• Positive Pay Integration.
• Establish and track recurring Invoices & Payments.
• Conduct 3-way matching for payables and transactions.
• 1099 processing.

ACCOUNTS RECEIVABLE

• Automatically create Invoicing and Credit Memo from shipping and returns.
• Apply sales and expenses directly to General Ledger account numbers.
• Generate automatic credit memos for returned goods.
• Perform batch processing from bank deposits.
• Apply cash by Bill to, full and partial payments.
• Auto calculation of discounts with ability to override.
• Receive and apply down-payments and advances.
• Sort receivables by due dates, invoice numbers, customer details etc.
• Create account statements and dunning letters.
• Drill down to source transactions.

BANK RECONCILIATION

• Reconcile bank transactions posted to cash accounts against bank statements.
• Reconcile each account separately
• Reconcile credit card transactions
• Reconcile bank account to statements.
• Store and access reconciliation history in the centralized database.

GENERAL LEDGER

• Access flexible Chart of Accounts and sub-accounts.
• Recurring and reversing journals.
• Detailed transactional level general ledger.
• Flexible accounting periods, dates and years.
• Real time transaction postings to General Ledger.