Accounting Module

Innovation in Integrated Financial Management

At Enapps, we continuously innovate to keep our ERP Accounting module at the forefront. Seamlessly integrated with all ERP modules, it offers powerful financial management beyond standard bookkeeping. Advanced features like project-based accounting and real-time stock management help businesses gain deeper insights and stay competitive.

Accounting Module Key Benefits

Global Financial Flexibility

Enapps ERP offers multi-company and multi-currency support with multiple ledgers and intercompany transactions in one database. It simplifies complex tax management, ensuring seamless financial consolidation for international operations.

Seamless Financial Integration

Enapps Accounting integrates with OpenBanking, HMRC MTD, and CIS to streamline processes and ensure compliance. This eliminates manual data entry, reduces errors, and speeds up workflows. GRNI processing and stock revaluations provide precise control over inventory and purchases.

Automation and AI-Driven Features

Enapps ERP uses AI and automation to boost financial efficiency. Automated banking rules, OCR for AP automation, and the Dunning Run let finance professionals focus on strategic tasks. Automation in sales proformas and prepayments reduces manual work and ensures accuracy.

Stock and WIP Accounting

Enapps supports various costing methods – Average, Standard, FIFO, LIFO, and FEFO for accurate inventory valuation. It includes project and manufacturing WIP management with release tools and labour cost tracking, ensuring precise financial oversight of ongoing projects and production.

Module Features

Module Features

Financial Transactions & Automation

Financial Transactions & Automation

Streamline and automate all financial processes for enhanced efficiency and accuracy.

  • Automated Invoicing: Generate invoices automatically from sales orders or deliveries, or create them manually when needed.
  • Payment Run: Automate supplier payments with a selection of due invoices, generate bank files, and send remittance emails at the click of a button.
  • Accounts Payable Automation: Automate AP processes using OCR technology to speed up invoice entry and approval workflows.
  • Sales Proformas and Prepayments: Automatically allocate prepayments when the actual invoice is raised, streamlining financial workflows.
  • Fixed Assets/Prepayments/Accruals: Automate asset depreciation, prepayments, and accruals using periodic schedules for accurate month-end reporting.
  • Card Payments and Direct Debits: Process payments seamlessly through integrated card payment platforms and Direct Debit solutions.
  • Dunning Run: Automate debt collection processes by generating reminders, letters, and statements for overdue accounts.
  • Customisable Financial Workflows: Streamline financial processes with configurable conditional warnings and blocks, ensuring greater control over approvals and transactions.
  • Intercompany Automations: Automate the processing of intercompany orders and related workflows, streamlining operations and ensuring accurate financial management across multiple entities.
  • Corrective Rollback: Enable authorised users to correct transactions while ensuring data integrity, without impacting other users.
  • Customer Payment Portal: Provide customers with an easy, secure way to view, download, and pay selected invoices online by card.

Reporting and Taxation

Reporting and Taxation

Gain deep insights and maintain financial transparency with advanced reporting tools while ensuring tax compliance.

  • Real-Time Financial Dashboards: Access immediate, up-to-date insights into the financial health of the business through customisable financial dashboards.
  • Advanced Reporting: Generate flexible, user-customisable reports and dashboards to meet a wide range of financial reporting needs, ensuring real-time visibility into performance.
  • FP&A Integration: Seamlessly integrate with external FP&A platforms via modern data exchange capabilities, enabling deeper financial insights and advanced planning.
  • Audit Reporting: Generate detailed audit reports for internal and external reviews, enhancing financial transparency and compliance.
  • Group Consolidations: Easily consolidate financial data across multiple companies and ledgers, streamlining reporting and ensuring accurate group-level financial insights.
  • HMRC Making Tax Digital (MTD): Comply with HMRC’s MTD requirements by digitising tax records and ensuring accurate, real-time reporting.
  • Construction Industry Scheme (CIS) Compliance: Manage CIS deductions and reporting effortlessly, ensuring compliance with UK construction tax regulations.
  • Project Application for Payment (A4P): Manage and automate the approval and processing of payment applications for construction projects, ensuring timely and accurate payments.
  • Valuations and Project Retentions: Handle project valuations and manage retentions effectively to maintain financial control over construction projects.
  • Main Contractor Discounts (MCD): Manage discounts offered to main contractors, ensuring accurate financial tracking and reporting.

Inventory and Cost Management

Inventory and Cost Management

Maintain precise inventory valuation and manage costs effectively.

Stock Accounting: Supports Average, Standard, Batch, FIFO, LIFO, and FEFO costing methods, providing businesses with flexibility in stock valuation.

GRNI Processing: Ensure accurate financial reporting by tracking stock received but not yet invoiced, aligning stock movements with financial data.

Stock Revaluations and Reconciliations: Ensure accurate and up-to-date inventory value with regular stock revaluations and reconciliations.

Landed Costs: Accurately calculate the total cost of goods by incorporating shipping, duties, taxes, and other related fees, ensuring precise financial management and competitive pricing strategies.

Project & Contractor Management

Project & Contractor Management

Oversee projects and manage contractor relationships with specialised financial tools.

  • Project and Manufacturing WIP: Manage project WIP with release tools and track manufacturing WIP, including labour costs, ensuring precise cost allocation.
  • Analytic Accounts: Track departments, cost centres, or projects with analytic accounts for detailed financial oversight.
  • Chart of Accounts and General Ledger: Define and structure the chart of accounts with a flexible hierarchy, optimising financial management and reporting.
  • Periods and Fiscal Years: Manage transactions by fiscal periods, and easily open or close periods during month-end.

Get started with Enapps Accounting Module

Enapps Accounting Module offers comprehensive financial management, integrating seamlessly with the rest of ERP modules. It supports multi-company operations, automation, and tax compliance, optimising workflows and ensuring financial visibility—empowering SMEs to stay competitive.

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Talk to the ERP experts on +44 20 8090 9222 or [email protected]