As your small business or midsize company grows, so does the complexity of managing its financials. While accounting-only software may have helped you get started, you need software that can take your business to the next level, automating everyday financial tasks and integrating them with other business processes. That software is available in the Petrosoft Enterprise application.
You need an integrated solution to streamline all of the accounting and financial processes in your growing company, including accounts receivable, accounts payable, and posting of ledger and journal entries and recurring entries.
Handle all your accounting transactions effectively and comprehensively with SAP Business One. You can use its chart of accounts templates as is or customize them to match your business requirements. Because the templates incorporate country-specific legal requirements, such as segmentation or specific numbering, you can comply more efficiently with local laws and regulations. Wherever you conduct business, the application supports you with multiple global financial reporting standards and currencies, availability in 27 languages, and localization for 42 countries.
Transactions in Petrosoft Enterprise automatically trigger corresponding journal entries in real time. For example, a goods receipt posting not only automatically creates the necessary journal entry to adjust inventory levels and valuation, but also updates corresponding expense accounts. You can configure primary accounts, using rules and priority, so the right general ledger accounts are used in each transaction. For transactions that repeat from period to period, recurring postings and posting templates simplify redundant tasks and eliminate the potential for errors. You can use journal vouchers to create multiple journal entries and then process these vouchers in batch mode, posting all entries simultaneously.
|ACCOUNTING||CONTROLLING||BANKING AND RECONCILIATION|
|Implement or adapt predefined chart of account template||Define and manage budgets||Manage incoming and outgoing payments with cash, checks, electronic bank transfers, and credit cards.|
|Carryout accounting transactions, such as journal entries and vouchers and recurring postings||Handle payment terms, customer reminders and cash collections||Process bank statements and perform automatic reconciliation of ledgers|
|Use multiple currencies for accounts payable and accounts receivable||Manage direct and indirect expenses and revenue allocation||Clear multiple accounts receivable and payable invoices automatically in batches|
|Create balance sheet, profit and loss, and other financial reports||Maintain distribution rules for automated revenue and expense allocation||Print check batches and generate check and payment report|
|Manage fixed assets throughout their lifecycle||Depreciate fixed assets using multiple methods|
Discover the integration options, POS, foodservice, back-office, fuel management, and partnership solutions from Petrosoft