Link your manufacturing operations directly to your accounting processes, and track transactions granularly, which are posted to the ledger in real time as they are processed in the system.

Cetec ERP Can Help You

• Full integration with operations
• Perpetual based general ledger
• Remove need for long period-end close process
• Modernize accounting systems
• Integrate accounting and manufacturing systems
• Scale up with workflow, approvals, and streamlined processes
• Eliminate need for redundant validation and drawn-out reconciliation processes
• Reduce clerical overhead

Other Manufacturing Accounting Features Include:

• A/R:
  • Automatic segmentation of intercompany activities from trade receivables
  • Process credit card prepayments and standard payments directly within ERP (via Bluepay)
  • Credit risk management through credit lines, terms, & holds
  • Auto-post sales invoices to A/R immediately
  • Manage customer terms and credit hold
  • Track aging across account statements
  • Customer payment history for research and credit ratings
  • Lump payments across multiple customers into deposits
  • Defined process for payments, deposits, and reconciliation against bank statements
  • Aging Reports based on Due Date and/or Invoice Date with automated customer statements
  • Manage system generated unapplied cash, short payments, credit memos
  • Defined RMA process including process flow for issuing credit memos (RMA, Warranty, etc)
• A/P:
  • Direct integration with material receipts and outsource POs for accuracy and reconciliation
  • Automatic identification of invoices to be paid
  • Easily view all PO receipts of material that have been received into stock but not yet billed (receipt transaction: DB inventory / CR Accrued Liabilities; voucher transaction: DB Accrued Liabilities / CR Accounts Payable
  • Automated voucher process leveraging three-way match (between PO, receipt, and bill)
  • Configurable voucher approvals process to manage A/P clerical voucher entry versus voucher approval and payment processing
  • Aging reports based on due date and/or invoice date
  • Automatic segmentation of intercompany activities from trade payables
  • Automatic transactions across ledger from voucher to payment to check run
  • Ability to track true invoice dates
  • Ability to process non-inventory, outsourcing, and/or service invoices
  • Process all payment types (credit card, wire, ACH, system check, paper check, cash)
  • Print checks directly from system on blank check stock
  • Check runs and batch printing from check register
  • Bank reconcile across all payments
  • Bank account reconciliation statement auto-import
  • Credit card transaction auto-import
  • Manage system generated debit memos, vendor prepayments, credit card payments to vendors
• G/L:
  • Operational transactions map to ledger entries to general ledger accounts. Account mappings are maintainable by admin users
  • Ledger updates are real time based on operational transactions (e.g. inventory adjustments, invoices, payments, etc.)
  • Visible and editable ledger entries
  • Automatically log backdated ledger entries for auditability
  • Tag ledger entries in order to segment and categorize custom types of entries/transactions to the journal
  • Easily filter journal entries by account, transaction type, date range, tag, and more
  • Add/edit/delete G/L accounts with appropriate permissions
  • Perpetual based ledger: close period for specific groups, A/R, A/P, Cash, G/L
• Financial Reports:
  • Profit and loss statement
  • Balance sheet
  • Statement of cash flows
  • Tax reports
• Auditing tools:
  • Back dated ledger entries
  • A/R - invoice versus ledger
  • Inventory breakdown
  • A/R validation
  • A/P validation
  • Reconcile ledger
• General Accounting:
  • Full integration with business operations means no redundant data entry and fewer mistakes
  • Comprehensive support for standard costing, average costing, actual costing, FIFO costing -- based on customer preference.
  • Budgeting module - enter monthly budget values and report period values, differences, and difference percentages month to month or YTD
  • Multi-currency support with home currency for general ledger and configurable transaction conversions based on daily peg per exchange rate
  • Run standard reconcile processes, e.g. absorption rates, accrual postings, retained earnings, transaction details to ledger value, inventory reconcile, A/P reconcile, A/R reconcile, bank account reconciliation, credit card statement reconcile, etc.