Acumatica Financial Management

Better financial controls with Acumatica ERP

With Acumatica, powerful features such as automation and workflows, real-time dashboards, shared cloud access, and complete accounting functionality are all integrated into one system.

Acumatica Cloud ERP

Powerful financial management tools

Acumatica’s Financial Management Suite offers the full range of accounting functions you’d expect from accounting software: accounts payable, vendor management, customer management, and invoice creation and processing.

However, it also includes key functionality for the modern business. It can seamlessly handle multi-entity businesses and complex company structure, mutli-currency transactions, and multi-language support.

In addition, it provides tools for reporting, analysis, budgeting, and planning. Real-time dashboards send alerts and reports to your finance team, and the financial management suite integrates seamlessly to the sales portal, field and dispatch management tools, and ERP.

Benefits of Acumatica Financial Management

Take advantage of real-time insights, quick month-end closing, continuous compliance, and so much more

Streamline Operations

Make your back office management more efficient. Acumatica offers extensive workflow and reporting.

Manage Multiple Entities

Within the financial management suite you can integrate financials across business entities.

Local & Global Support

Acumatica’s cloud-based offering includes multi-currency and multi-language tools.

Deferred Revenue Accounting

Easily determine deferred revenue in accordance with pre-established schedules.

Streamline GL Consolidation

Perform consolidated reporting and analysis by combining data from multiple entities.

Take Credit Card Payments

Your customers can pay easily, as Acumatica accepts PCI-compliant credit card payments both manually, and on a set schedule.

More Options for Statements and Invoices

You choose how you want to deliver invoices to your customers. Acumatica supports PDF and HTML creation, email, and printing of statements and invoices.

Calculate Taxes Automatically

Automatically calculate VAT and use taxes and prepare tax filing reports. Tax zones can be assigned at the vendor level, with defaults that can be manually overridden during invoice creation.

Streamline Invoice Approval and Payment

Create a custom approval process to prioritize payments, designate accounts for withdrawal, and select payment methods for each vendor.

Centralized Accounting

Handle your vendor payments, cash management, and invoicing from one centralized location.

Automate the Billing Process

Automate your recurring billing, payments, and collections to save time and money.

Protect Your Data

Control who has access to your data with detailed permissions by account type. Limit who has edit-access.

Acumatica Pricing

Consumption Based ERP Pricing

Acumatica ERP pricing lets you add casual users, suppliers, and customers without paying for additional licenses. The cost to you is based on the features and resources that you use, not the number of users who access the system. The price is determined by three factors:

What applications do you want to use?
What type of license are you considering: SaaS Subscription, Private Cloud Subscription, or Private Perpetual License?
What is your projected level of consumption based on the volume of your business transactions and data storage?

Acumatica Financial Management Features

Advanced Financial Reporting

Design financial statements using sub-account segment structure and configured hierarchy. Publish reports on the web or distribute as Excel or PDF files.

Flexible Configuration of Financial Periods

Define monthly, bi-monthly, annual, or custom financial periods. Keep periods open as long as you need to complete data entry and reconciliation. You can override automatic assignment of the reporting period based on the transaction date – the GL system warns of potential mis-entry.

Multiple Currencies Support

Enter GL transactions in different currencies with multiple currency support activated. Maintain balances in the base currency and the foreign currency.

GL Accounts Budgeting

Maintain an unlimited number of budget scenarios, such as optimistic, pessimistic, or expected. Grant access rights for team members to provide input without viewing salaries or information from other subsidiaries. Approved budgets can be used in comparative statements and analysis reports.

On-The-Fly Sub-Account Entry

Add new combinations of valid subaccount segments on the fly during data entry. This feature allows efficient ongoing maintenance of a complex reporting structure.

Automatic Allocation of GL Balances

Distribute GL account balances over multiple accounts and sub-accounts based on predefined allocation rules based on percentages, quantities, or statistical data, or proportional to other account balances. Create and run multiple subsequent allocation templates.

Drill Down to Original Documents

Gain immediate access to GL balances with a complete array of inquiry screens and reports. Drill down to the originating document from any inquiry screen or report, even if the transaction was created in another module.

Recurring Transactions

Create recurring income and expense transactions based on specific schedules and time periods. Design templates with expiration dates, execution limits, and custom execution schedules.

Audit Trails

Maintain a complete audit trail of all journal transactions throughout your GL management. Entries cannot be deleted. Corrections require adjusting entries. The system tracks the ID of the user who entered the transaction. Notes and supporting electronic documents can be attached directly to transactions.

Multiple Depreciation Books

Create multiple depreciation books tax and reporting purposes that do not update the general ledger. Assign tax and reporting fiscal years that are independent of your actual financial ledger.

Multiple Asset Types

Manage multiple property types including owned property, leases, rentals, and granted property. Track assets that are leased or rented to others.

Multiple Averaging Options

Select different averaging methods including full period, mid-period, next period, modified half period, full quarter, full year, full day, and more.

Cash Basis Accounting

Record revenue and expenses when payments are received or disbursed rather than when the transactions occur.

Small Balances Write-off

Acumatica lets you write off small document balances. You can control write-offs using a maximum write-off limit and eligible customers list.

Sales Commission Calculation

Automatically calculate sales commissions. Commissions can be split among multiple salespeople, linked to specific line items on an invoice, and paid when the invoice is issued or when the payment is received. Commissions can be calculated on a monthly, quarterly, or annual basis.

Manage Customer Refund Balances

Apply partial or full refunds to payments, pre-payments, and credit memos. Track and report balances by customer.

Customer Balances and Credit Limit Verification

Automatically enforce credit limits at order entry, and invoicing. Customer Configuration options can block invoice processing or issue warnings. Create Dunning Letters for past-due accounts and include all related documents and fees and customize messages, attachments, and fees. Temporarily increase credit limits.

Automated Tax Reporting

Automatically calculate sales and VAT taxes and prepare for tax filing reports. Customer default tax zones can be overridden during document entry. Supports multiple tax items per document line, deduction of tax amount from the price, and tax on tax calculation.

Vendor Refunds

Vendor refund documents debit a cash account and credit an AP account. Apply a refund toward a debit adjustment or prepayment.

AP Aging Reports

Customize your AP aging categories and create a full set of aging reports including total outstanding, past due, cash requirements, and vendor performance.

1099 Reporting

Accumulate 1099 information for any designated vendor. Track 1099 payments and produce the appropriate 1099 reports. Multiple branches can close books (tax periods) independently of one another.

Automatically generate form 1099-NEC for nonemployee compensation without impacting vendor defaults and current processes. 1099-NEC and 1099-MISC report e-filing are both supported.

Fixed Asset Tools

Make mass changes to several fixed assets with one entry including depreciation schedule processing, releasing fixed asset transactions, converting purchases to fixed assets, and generating fixed asset calendars.

Fixed Asset Classes

Create fixed asset classes to group assets and simplify entry of commonly used schedules.

Fixed Asset Reporting

Manage asset acquisitions, disposals, asset balances, asset net values, future projections, and depreciation transactions through built-in reports. Drill down to view transaction details.

Acumatica Mobile

Acumatica On-the-Go

Acumatica is available in-browser, accessible on any internet-enabled device. This means automatic updates, no IT maintenance budget, and easy insights no matter where you are. Easily create and send invoices, approve time sheets, and view reports, from the convenience of your mobile device.

Employees and contractors can enter time and expenses on any Apple or Android device using the Acumatica Mobile App and attach photos of receipts. Workflows route completed reports for approvals on managers’ mobile device.

Outgrowing QuickBooks?

Work with the #1 QuickBooks consulting firm to help you migrate to Acumatica

Why Fourlane

Fourlane, the #1 Elite QuickBooks Solution Provider and Reseller, has helped thousands of clients with their financial systems, accounting software, and ERP system challenges. As industry and product experts for the most widely used accounting and ERP software solutions, we make sure our clients are buying the right software at the best price and recommend the best platform with a focus on our clients’ long term success.

“Fourlane’s broad expertise in all of Intuit’s products gives them the ability to provide exceptional service to QuickBooks’ users. As a QuickBooks Solution Provider, we count on solutions Fourlane provides to small- and mid-sized businesses all over the country.”

-Simon Pass, Intuit Reseller Program Sales Leader