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Enapps Accounting module
The Enapps ERP Accounting module is integral to the system and seamlessly connects with all of the other ERP software modules. The ERP accounting system functionality consists of a robust set of core bookkeeping functions along with financial configuration and management ERP accounting features. The system also goes well beyond standard accounting software functionality by providing a significantly enhanced feature set such as CIS integration, making tax digital, project accounting, dunning, multi-company, group consolidation and much more.
Accounting module key benefits
Full audit trail
The Enapps ERP accounting software keeps track of all financially relevant changes within the system & if a mistake is made a ‘corrective rollback’ function is supported as standard. Records such as data in Invoices, Payments, or any other financial transactions can be ‘stamped’ with the User ID, Date & Time with a view to maximising data security & system integrity.
Open Banking
The Enapps ERP system automatically integrates with many UK banks for payments and statement reconciliation using the Open Banking ecosystem. The system also supports Automatic Bank Reconciliations, which enables a system user to utilise electronic versions of bank statements to ‘automatically’ reconcile to the ERP accounting system.
Multi-company/Currency
Enapps offer Multi-Currency, Multi-Company and Group Consolidation functionality as standard within our ERP accounting software and support ‘multiple general ledgers’, intercompany transactions along with a consolidated or shared database. Enapps also offer flexible configuration to suit our clients’ diverse multi-company requirements.
HMRC MTD & CIS
Enapps ERP software is listed by HMRC as a supplier within MTD. The Enapps ERP accounting system suite is fully compatible with HMRC’s Construction Industry Scheme (CIS) which outlines how payments to subcontractors for construction work must be handled by prime contractors in the construction industry along with other business types.
Our accounting module feature list also includes ...
Chart of accounts and general ledger
Define and structure the company’s chart of accounts which can be organised in a hierarchy.
Dunning
Implement debt chasing policies which allows the system to do the hard work, generating the necessary letters & statements.
Bank payments, receipts and transfers
Easily process bank payments, receipts and transfers using the built in wizards, making the process both easy and intuitive.
Taxes
The flexible tax structure configuration function can be set up for any requirement around the world.
Journals
Journals allow a representation of bank accounts, sales or purchase ledger transactions, VAT returns and more.
Bank accounts
Define the company bank accounts and clearly view the related transactions, reconciliation summary and running totals.
Making Tax Digital (MTD)
Enapps directly supports this UK government initiative which sets out a vision for the ‘end of the tax return’.
Batch invoicing
Quick entry of supplier or customer invoices, not requiring product details.
Fiscal positions
Define fiscal positions that will automatically allocate the correct tax codes to transactions.
UK VAT
A list of goods and services showing which rates of VAT apply and which items are exempt or outside the scope of VAT.
Invoicing
Sales and purchase invoices are created manually or by an integrated process from sale orders or deliveries.
Periods and fiscal years
Each general ledger transaction belongs to a period of the fiscal year. Open and close periods as part of the month-end task.
Currencies
Enapps supports multi-currency as standard and the relevant exchange rates can be automatically managed by the system.
Payments
Process payments and allocate against sales orders, purchase orders, invoices, customers or suppliers as required.
Analytic accounts
Analytic accounts allows for the mapping of departments, cost centres, or other elements of your company’s structure.
Payment terms
Define a variety of payment terms that stipulate payment requirements.
Payment run
Load any required supplier payments into a quick confirmation list using the payment run functionality.
Bank revaluations
Revalue foreign currency bank/loan accounts according to the exchange rates at a selected date.
Credit control
Reduce bad debt & late payments with the Enapps credit control management system.
Bank reconciliations
Manage bank reconciliations with a number of powerful features, such as automation with machine learning capabilities (AI) and bank statement import.
Accounts Payable Automation
Streamline and automate the paying of invoices by utilising the embedded OCR technology within the ERP system.
Expenses Management
Simply drag and drop receipts to the system and utilise the embedded OCR technology to automatically add expense lines.