DEPARTMENTAL USE -
ACCOUNTING
"Day in and day out, your tax accountant can make or lose you more money than any single person in your life, with the possible exception of your kids." Harvey Mackay
Prevent errors and improve accuracy with access to and control of your accounts and financial information
CloudSuite Industrial and Process
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.