General Ledger Management
This features improves perceptibility into practically all standard financial transactions such as accounts receivable, accounts payable, payroll, and sales orders. Moreover, accounting software packages allow finance specialists to quickly and easily conduct amalgamations by enthusiastically merging multiple ledgers into a single, comprehensive financial statement.
One essential business activity that needs monitoring is the accounts receivable and debt collection process. If you sell on credit terms, you will need a system to monitor the money owing by the customers, the payment due dates, and the outstanding balances. You must follow up on past-due bills and non-payments of debts because it will eat into your profits and can seriously affect your cash flow.
The accounting application also have functions to keep track of payable due, especially if you buy on credit and need to manage bills, payments and money owing to suppliers.
Trade in virtual substances with variable measurements, track voucher promotions through restricted time edges and rapidly execute business-wide stock takes.
Assemble, kit and package combo stuffs.
Sit back, as WFMS spontaneously updates individual quantities and modules as products are put together and sold.
Observe the beat of your business with WFMS’s bank account management gears. Connection to lots of online banking designs, and capture transmissions between credit cards, directors’ loans and other bank accounts.
This features in WFMS is the pulse of your business. See all your bank balances, invoices, bills and expense claims at a glance. Add new transactions with a click. Collaborating graphs show money going in & out, and the watch list lets you monitor particular accounts.
Operative financial management is about more than just examining past trends, it’s about using that insight to improve future forecasting. With our WFMS, your business can more precisely forecast and evaluate prospective profits and pending losses, revenue and cash flows, and other significant financial dealings. You can use this information to outline and implement more successful corporate strategies.
Send invoices, reconcile accounts & get paid in different currencies. Foreign exchange rates are updated hourly, so you immediately know accurately how gains and losses are affecting your cash flow.
Controlling and Budget Management
With our WFMS, financial squads can attain and sustain fitted mechanism over departmental and corporate budgets, and conduct more swift and precise internal and time accounting, cost accounting, product costing/cost of goods sold valuation, and more.
Fixed Asset Management
Tracing a fixed capital asset portfolio can be a difficult procedure, mostly for those businesses that possess a broad amount of real estate or capital equipment. But, with WFMC, the assessment, acquisition, procedure, maintenance, and estimation of all sorts of fixed assets is intensely streamlined.
Rapidly and effortlessly develop your cash flow through modest invoices that can be emailed or printed. With limitless invoices we’re never going to set any perimeter for your business activity.
Attach documents to practically everything in WFMS – from invoices, bills and transactions through to fixed assets and contacts. Have all the material you need at your fingertips.
Anyone who needs access to WFMS can have it at no extra charge. Unlimited users means that if you’re a one man show or a three man team, those who need critical information can get it whenever the need it.
Assessment and segment interactive reports and budgets in real-time, all organized with a single click — no more waiting for month end. Complete your sales tax returns in minutes, not hours. All reports link through to the source transactions.