Global Shop Solutions ERP Accounting is a fully integrated accounting solution designed for manufacturing businesses. It streamlines financial management by connecting accounting functions with other ERP modules and shop floor operations. This integration ensures accurate, real-time financial data for faster month-end and year-end closing. The system simplifies payroll, tax compliance, and financial reporting while offering advanced automation features to reduce manual work and improve efficiency.

Features

• AI AP Automation: Automate accounts payable processes for efficiency.
• Budgeting, Payroll & General Ledger: Comprehensive tools for financial planning and management.
• Inventory Accounting: Track inventory costs and valuation seamlessly.
• Bank Reconciliation: Simplify reconciliation processes for accurate cash management.
• Tax Calculations: Automate tax computations for compliance.
• Collection Tracking: Monitor and manage receivables effectively.
• Cash Flow Projection: Forecast cash flow for better financial planning.
• Repeat Payables & ACH Processing: Streamline recurring payments and electronic transfers.
• Commissions & Flexible Periods: Manage sales commissions and flexible accounting periods.
• Aging Analysis: Analyze receivables and payables aging for better control.
• Multiple Years of Records: Maintain historical financial data for reporting.
• AR Collections Dashboard: Visualize and manage collections efficiently.
• Post to Prior Years & Periods: Adjust entries across multiple periods.
• Export to Excel: Easily export financial data for analysis.
• Repeat & Reverse Journal Entries: Simplify corrections and recurring entries.
• Payroll Features: 401K, employer matching, W2s, 1099s, vacation and sick accruals.
• Financial Statements: Standard balance sheet and income statement with customization options.
• Drill Down into Data: Access detailed transaction-level information.
• Quick Check Generation & Credit Card Payments: Speed up payment processes.
• Direct Deposit & Percentage Allocations: Flexible payroll distribution.
• GL Distribution by Department: Allocate expenses accurately.
• Integration: Works with ADP®, ABRA, Paychex® and integrates with Shop Management and Shop Floor Data Collection.
• Depreciation & Discounts: Calculate monthly depreciation and terms discounts.
• AP Aging Dashboard & Multi-Currency Support: Manage global operations with ease.

Benefits

• Faster Closings: Integrated modules enable quick and accurate month-end and year-end reporting.
• Automation: Reduce manual tasks with AI-powered AP automation and payroll integration.
• Compliance: Ensure tax and regulatory compliance with built-in tools.
• Visibility: Dashboards for AR and AP provide real-time insights into financial health.
• Flexibility: Customizable financial statements and multi-currency support for global operations.
• Efficiency: Streamlined payroll and accounting processes save time and reduce errors.