QAD ERP Accounting Module | QAD Systems Financials Overview

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ERP Software Analysis

QAD ERP Accounting & Financials Module

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PRODUCT INFORMATION:

Vendor: QAD

Release Date:

PRODUCT MARKET FIT:

51-1000 Employees

$5-100M Revenue

DEPLOYMENT:

✅ Cloud

✅ On-Premise

CUSTOMERS:

2000+

QAD Accounting & Finance Module Overview

QAD ERP (Enterprise Resource Planning) is a comprehensive suite of business applications designed to help organizations streamline their operations and achieve operational excellence. One of the key modules in QAD ERP is the Finance and Accounting module, which is specifically designed to manage the financial aspects of a business.

Here is a list of the main features and sub-modules in the QAD ERP Finance and Accounting module:

General Ledger (GL):

- Chart of accounts setup and maintenance
- Financial period and year-end closing
- Journal entry and adjustment management
- Financial reporting and analysis
- Budgeting and forecasting
- Account reconciliation
- Multi-currency support

Accounts Receivable (AR):

- Customer management
- Credit and collections management
- Invoice generation and distribution
- Receipt processing and application
- Customer payment terms and discounts
- Aging reports and analysis
- Dunning letter generation

Fixed Assets (FA):

- Asset tracking and management
- Depreciation calculation and reporting
- Asset lifecycle management
- Capital project management
- Asset transfers, retirements, and disposals

Cash Management (CM):

- Bank account management
- Bank reconciliation
- Cash forecasting
- Electronic bank statement import
- Bank transaction management

Cost Accounting (CA):

- Cost center and profit center management
- Activity-based costing
- Standard and actual costing methods
- Variance analysis and reporting
- Overhead allocation

Financial Reporting and Analysis:

- Standard financial reports, including balance sheet, income statement, and cash flow statement
- Custom report creation using built-in report writer
- Financial dashboard and key performance indicators (KPIs)
- Drill-down and drill-through capabilities for in-depth analysis
- Export to various formats, including Excel, PDF, and CSV

Tax Management (TM):

- Tax rate and tax code management
- Sales and use tax calculation and reporting
- Value-added tax (VAT) and goods and services tax (GST) support
- Tax compliance and reporting

Integration Capabilities:

Seamless integration with other QAD ERP modules, such as Manufacturing, Supply Chain, and Human Resources
Integration with third-party software, such as payroll, banking, and tax solutions
API and data import/export capabilities

These features and sub-modules work together to provide a robust and comprehensive financial management solution that can help businesses optimize their financial processes, increase efficiency, and gain greater visibility into their financial performance.

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QAD ERP is a versatile, cloud based business solution that can support a variety of business needs. With scalable pricing and a robust set of features, it's no wonder that so many businesses have adopted the software. You can use it to manage customers, products and orders and effectively track inventory. You can also use it to streamline your business processes.

To learn more about the software, download our free QAD ebook today. It contains everything you need to know about this powerful software solution and how it can benefit your business.

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