DEPARTMENTAL USE - ACCOUNTING
Prevent errors and improve accuracy with access to and control of your accounts and financial information
CloudSuite Industrial (SyteLine)
General Ledger
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Full G/L drill down to source documents for speed and ease of research
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Control your chart of accounts across your enterprise for consistent reporting
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Statistical accounts supporting your analysis tools
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Ability to define control accounts to prevent manual overrides
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Create recurring journals, reversal journals and automatic allocations based on rules you specify simplifying month end procedures
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Account class to automatically feed reporting
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Multi-site transfer accounting automates inter-company financial transactions and inter-company financial consolidation
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Excel Financial Report Writer for ease of reporting
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Unlimited user-defined dimensions supporting your Business Intelligence
Accounts Payable
Streamline and simplify the critical daily tasks that make sound financial management possible with:
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Centralized AP payments for better financial control
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Create vouchers automatically through POs/receipts matching for improved accuracy
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Vendor and voucher hold
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EFT with remittance advice
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Multi-currencies within a single vendor
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Track 1099 vendors and payments
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Assign default vendor G/L accounts for better expense management
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Write checks "on the fly" in support of immediate payment of invoices
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Support positive pay to prevent fraud
Accounts Receivable
Obtain the accurate, real-time information you need to make immediate decisions about extending credit limits, collections, and managing a key component of your cash flow. Features include:
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Centralized or decentralized AR cash receipts across multiple sites
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Consolidated invoicing by period or group of shipments to support international transactions
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Adjustment invoices to override order entry errors
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Credit management including customer and order holds for increased collection control
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Manage surcharges on volatile material content
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Supports complex invoicing terms e.g. 30% in 30 days; 30% in 60 days; 40% in 90 days and aging reports based on terms
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Supports Three-tier customers (bill-to, sold-to, ship-to)
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Tools to produce pre-defined dunning letters for collections
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Finance charges
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Multi-currency
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Multi-lingual invoices, credit memos and statements
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Generate credit memos from returns
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Import electronic payments from bank files
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Chargeback processing
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Sortable, filterable with drill-down AR aging
Multi-currency
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Maintain currency rates and tables
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Use either fixed or variable rates
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Euro conversion tools
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FASB52 compliance
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Recognition of currency exchange rate gains or losses
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Maintain G/L in your domestic currency
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Customer orders defaulted in your customer's currency
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Purchase orders defaulted in your vendor's currency
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Print checks in vendor's currency
Fixed Assets
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Prevent storage of unused assets with cradle-to grave asset management including parent/child relationships
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User-defined asset numbers for ease of asset management
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Unlimited number of asset classes
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Comprehensive asset definition
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Seven predefined depreciation methods
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Multiple depreciation schedules for each fixed asset
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Partial depreciation
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Link to POs
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G/L interface
CloudSuite Tax Interface (Multi-Tenant Cloud supports AvaTax Only)
Infor CloudSuite Tax Interface performs all aspects of the tax compliance process, including
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Billing
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Collections
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Remittance
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Audit trail maintenance.
CloudSuite Tax Interface provides a seamless interface between CloudSuite Industrial and tax management systems from AvaTax, Taxware, Vertex, and Quantum. These tax management systems and the CloudSuite Tax Interface work together to:
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Streamline the sales tax compliance process
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Reduce administrative costs,
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Improve customer satisfaction and
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Minimize compliance risks.
Avalara AvaTax (CloudSuite Tax Interface required)
With real-time rate calculation and automatic return filing, AvaTax is the go-to solution for businesses of all types and sizes. AvaTax works with the software you already use — from ERP or accounting systems, to your eCommerce platform.
No more manually entering data or uploading rate tables and tax information! AvaTax works in the cloud, giving you a hands-free and worry-free way to manage compliance. No other sales tax automation software comes close to providing the superior features and peace of mind of AvaTax.