What the Money Management Processses Do - Revision history

Claudefeistel2: /* Basics of Accounting */

2010-09-08T15:11:49Z

‎Basics of Accounting

Claudefeistel2: /* Introduction to Financials Module */

2010-08-30T20:53:59Z

‎Introduction to Financials Module

Claudefeistel2 at 19:08, 30 August 2010

2010-08-30T19:08:14Z

Claudefeistel2: Protected "What the Money Management Processses Do": Sysop page [edit=sysop:move=sysop]

2009-08-26T17:20:30Z

Protected "What the Money Management Processses Do": Sysop page [edit=sysop:move=sysop]

Claudefeistel2: New page: Image:Wiki_Fig5_UsingCashManagement.jpg

2009-08-26T17:20:26Z

New page: Image:Wiki_Fig5_UsingCashManagement.jpg

New page

[[Image:Wiki_Fig5_UsingCashManagement.jpg]]

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 '''Other standard functions''' contained in the system accounting package include:
-* Transaction support,
+* Transaction support, refer to [[Ledger Transactions Reference
-* Reconciliation and Adjustments,
+]]
-* Exchange Rates,
+* Reconciliation and Adjustments, refer to [[Reconciliation]]
-* Time Periods,
+* Exchange Rates, refer to [[Exchange Rates]]
-* Payment Methods.
+* Time Periods, refer to [[Time Periods]]
 '''Some traditional accounting functions are distributed''' in the integrated system, into areas that actually drive data capture, and the functionality of accouting is then automated:
-* Order entry -- is included in CRM/SFA, and in Purchasing
+* Order entry -- is included in CRM/SFA ([[The_Orders_Tab]]), and in Purchasing ([[Purchasing (Orders Tab)]]).
 * Inventory control -- is included in Purchasing, MRP, and Warehouse
 * Cost accounting -- is integrated with several cost capturing areas
-* Fixed assets accounting -- is called Asset Maintenance
+* Fixed assets accounting -- is called Asset Maintenance, refer to [[Managing Fixed Assets]]
 Additional special '''Financials Module Tabs''' are also provided:
-* for supporting Sales Partners with Agreements and Invoices, and
+* Partners Tab -- for supporting Sales Partners with Agreements and Invoices, and
-* for producing Financial and Accounting Reports.
+* Reports Tab -- for producing Financial and Accounting Reports.
 ===Accounting Tags Feature===
 '''Accounting Tags''' are provided in the '''opentaps''' system for use with various transactions to associate them with an operating unit or category of analysis for which you want to generate specific Financial Reports, refer to [[ Accounting Tags]].

← Older revision		Revision as of 20:53, 30 August 2010
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	[[Image:Wiki_Fig5_UsingCashManagement.jpg]]		[[Image:Wiki_Fig5_UsingCashManagement.jpg]]
		+
		+	For an introduction to Accounting systems concepts, please refer to [[Introduction to Accounting Systems]].
		+

	===Basics of Accounting===		===Basics of Accounting===

← Older revision		Revision as of 19:08, 30 August 2010
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		+	==Introduction to Financials Module==
		+
		+
		+	In '''opentaps''' the Financials module includes items traditionally called an accounting system, and also the functionality often called bookkeeping, plus analysis and reports associated with business "financials". But, the Financials module in '''opentaps''' comes with one huge difference, it is already fully integrated with every business-operations process that you have chosen to use in the '''opentaps''' system.
		+
		+	The value of this to small business owners is very important indeed. Rather than being concerned with the mechanics of financial report preparation, accounting routines, and bookkeeping chores, you can focus on the really important things, like:
		+
		+	* driving the business where you want it to go,
		+	* keeping an eye on sales productivity, and marketing program effectiveness,
		+	* optimizing your production activities, or
		+	* dealing effectively with the market dynamics and your competition, and
		+	* planning the resources and money you will need for your business journey.
		+
		+	In other words, you get the time to command the ship, rather than manning the oars so much of the time. Figure 5 is a depiction of the various areas of automated functionality provided by the '''opentaps''' Financials module.
		+
	[[Image:Wiki_Fig5_UsingCashManagement.jpg]]		[[Image:Wiki_Fig5_UsingCashManagement.jpg]]
		+
		+	===Basics of Accounting===
		+	In this picture, we can see some '''basic accounting items''' that are visible at the "Tab" level in '''opentaps''' accounting system:
		+
		+	* Accounts receivable
		+	* Accounts payable
		+	* Payroll
		+	* Ledger and Chart of Accounts
		+
		+	'''Other standard functions''' contained in the system accounting package include:
		+
		+	* Transaction support,
		+	* Reconciliation and Adjustments,
		+	* Exchange Rates,
		+	* Time Periods,
		+	* Payment Methods.
		+
		+	'''Some traditional accounting functions are distributed''' in the integrated system, into areas that actually drive data capture, and the functionality of accouting is then automated:
		+
		+	* Order entry -- is included in CRM/SFA, and in Purchasing
		+	* Inventory control -- is included in Purchasing, MRP, and Warehouse
		+	* Cost accounting -- is integrated with several cost capturing areas
		+	* Fixed assets accounting -- is called Asset Maintenance
		+
		+
		+	Additional special '''Financials Module Tabs''' are also provided:
		+	* for supporting Sales Partners with Agreements and Invoices, and
		+	* for producing Financial and Accounting Reports.
		+
		+
		+	===Accounting Tags Feature===
		+	'''Accounting Tags''' are provided in the '''opentaps''' system for use with various transactions to associate them with an operating unit or category of analysis for which you want to generate specific Financial Reports, refer to [[ Accounting Tags]].

← Older revision	Revision as of 17:20, 26 August 2009
(No difference)