Page 18 - NAXT-Product-Guide-web

Financial Management

ROLE TYPE: Accountant, Accounting Manager, Accounts Payable Co-ordinator, Accounts Receivable Administrator,
Bookkeeper, Chief Executive Officer, Chief Financial Officer, Controller, Treasurer, Budget Manager, Environmental Manager,
Credit and Collections Manager

Financial Management – provides a fast and efficient way to:

• Register financial transactions
• Manage parent and subsidiaries
• Manage internal cost accounting
• Control expenditure
• Drive the enforcement of accounting policies and rules

General Ledger • Financial accounting record management
• Configuration of multiple and recurring journals
• Allocation of cost and income
• Supports the creation of closing transactions
• Preparation of pre-closing documents and closing books
• Unlimited financial dimensions
• Advanced account structures and rules

Bank Management • Maintain the legal entity’s bank accounts and associate financial instruments
• Monitor deposits, payments, drafts, and bank balances with support
for electronic payments
• Manage letters of guarantee and cheques

Accounts Payable • Match and pay invoices
• Allocate charges
• Pay expenses, commissions, and salaries
• Track purchase order prepayments
• Provide vendor access to relevant information through the vendor portal

Accounts Receivable • Assign multiple credit limits
• Track invoices, terms, and discounts
• Process customer prepayments
• Receive and enter customer payments
• Monitor credit cheques and manage collections; centralize and monitor all activities by case

Fixed Assets • Manage the full accounting lifecycle of asset; acquisition – depreciation –
transfer/disposition
• Easy transfer of equipment from new to rental fleet

Cost Accounting • Track, record, and analyse costs at product or activity level at normal, absorption
and standard costing methods
• Power systems projects; specifically milestone billing and revenue recognition

16 XAPT
NEW FRONTIER GROUP