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OpenPro ERP General Ledger and Treasury Overview

Application General Ledger and Treasury Features

The General Ledger module is the heart of any accounting system. The Chart of Accounts and a company’s income statement and balance sheet are maintained in the General Ledger. Since OpenPro’s General Ledger module is flexible and customizable, it is useful for any industry and size business.

OpenPro systems are fully web-based, so data is available everywhere, providing mobility and flexibility for your business.

OpenPro web-based Financials helps you save time, reduce administrative costs and gain better control over your business by automating a wide range of accounting related tasks. It is a highly reliable and integrated series of business applications that delivers a flexible, scalable and full featured total management solution.

The Financial software is compliant with US-FASB, IASB, IFRS, and SOX standards, and meets GASB requirements. It can handle government and non-profit accounting standards.

OpenPro Financials has a variety of features and options built into it. The Financials module is a fully integrated system with OpenPro Distribution, CRM, Manufacturing, and E-commerce; it also works well as a stand-alone module. OpenPro is ideal for companies standardizing on web-based technologies; OpenPro is a cost-effective, easy to implement business software solution that delivers internet-ready accounting and business management capabilities to your business.

Financials is a full service module, flexible enough to handle multiple companies in various ways. In addition to providing maximum flexibility, the financial system gives you fast and easy access to the information you need for day-to-day tasks and period-end processing.

OpenPro Financials module includes Job Cost, Executive Desktop, General Ledger, Budgets, Fixed Assets, Accounts Receivable, Check Reconciliation, Accounts Payable, and Payroll/Human Resources.

Features & Reporting:

  • Maintain custom form layouts for printed forms used throughout the entire system.
  • Export all report data to an external file. Data types supported include ASCII text, delimited, Excel, Lotus 1-2-3, HTML, RTF or Microsoft Word.
  • Output any report to the screen, a printer or a variety of file formats.
  • Create customized, presentation-quality reports through OpenPro Executive Desktop and Crystal Reports software.
  • Consolidated or separate financial statements are available as well as reporting prior years.
  • Departmental reporting with or with out budgets.
  • automated batch processing reporting/emailing.
  • automated triggers and alerts processing and reporting/emailing.

General Ledger Features:

  • Direct interface from other modules within OpenPro
  • Import existing data from other systems
  • Direct link to FRX financial report writer
  • Date and time stamp notes on customers and transactions
  • Drill down to the original document
  • Multi-currency
  • Send document by fax, email, printer
  • Audit trial reporting
  • Timely information improves cash flow and reduces bad debt losses
  • Detailed and summary aged listings
  • Reprint invoices
  • Customizable financial reports
  • User definable accounting periods
  • Multiple years open at the same time
  • Integrated spreadsheet exporter
  • Recurring and standard journal entry distribution profiles
  • Detailed and summary Trial Balance reports
  • Cash flow reporting
  • Income statement generation for specific profit centers
  • User definable GL account number structure up to 64 characters

Treasury Management :

  • Direct interface from other modules within OpenPro
  • Import existing data from other systems
  • Regulatory reporting
  • Relational Data Gateways
  • Drill down to the original document
  • Multi-currency
  • Send document by fax, email, printer
  • Audit trial reporting – – Full Auditability
  • Web connectivity
  • Consolidate Cash Flow
  • Real-time position keeping, exposure and limit checking
  • Multi branch and multi entity
  • Highly intuitive interface
  • Risk Assessment
  • Integrated spreadsheet exporter
  • Audit trial of all processing
  • Detailed and summary Trial Balance reports
  • Cash flow reporting
  • Easy to use importing of data.

Application Integrated Features

  • General Ledger is the heart of the accounting system. The Chart of Accounts and a company’s statements are maintained in the General Ledger. OpenPro’s General Ledger application is flexible enough for any business.
  • Run reports for all prior years; complete drill down to data entry screens show who which user processed the transaction.
  • Accounts Payable/Receivable: Manage your vendors and customers. Flexible enough to meet any business’ needs, while still being able to streamline, saving time and cutting costs.
  • Check Reconciliation: Keep track of all your deposits and payments with an easy to use balancing system.
  • Fixed Assets: Record company assets and automatically calculate depreciation expenses. Supports several methods of depreciation and automatically posts expenses.
  • Payroll/HR: Maintain your employees’ records electronically. With 128 bit encryption, the system is secure enough to keep your most sensitive documents safe. Payroll supports a variety of special functions ranging from calculating payroll checks with individual deductions to maintaining information required for state and federal reports.
  • Job Cost/Project Management: Provides management information you need to quickly identify project costs that are out of line with budget estimates and requirements.
  • Budgets: Keep track of what you are spending; compare your budget with actual amounts.
  • Executive Desktop: Create graphic reports of the company status, from budget charts to manufacturing Work Orders. Executive Desktop allows you to create specific graphs for each user type.

Security

Enjoy peace of mind, knowing that your sensitive Accounts Payable records are safe from unauthorized access.

  • Set up specific security groups, thus limiting access to a defined group of users.
  • Establish access permissions, such as display only, excluded, add/change/delete, or supervisory.

OpenPro System Wide Features

Hal Clark is the father of Jim Clark. He has headed several public technology companies. As president of Ingram Micro (NASDAQ to NYSE) he was responsible for the growth that made it the world’s largest computer products distributor. As president, CEO and Chairman of AmeriQuest Technologies, Inc. (NYSE-listed before the merger into Computer 2000), he merged six companies to form a $600 million computer products distributor and systems integrator that was subsequently merged into Computer 2000, the global, multi-billion-dollar Munich-based distributor. With an annual run-rate of over $1 billion, Ameriquest Technologies was one of the largest system integrators/value added distributors in North America prior to the merger. At Everex (NASDAQ) the PC and peripheral manufacturing company, as president, he transitioned the company from primarily domestic to worldwide markets and built it to become the third largest PC and peripheral maker worldwide. After Hal left to start Ameriquest Technologies, Everex subsequently was acquired by First Computer and removed from NASDAQ.

As Chairman of XCD, the wireless communications developer and manufacturer, he merged it into Troy Group (NASDAQ) to form the Troy wireless division. He also served as Chairman of a public internet based video communications developer that was subsequently acquired, and as a director of Troy Group until leaving to become more active as Chairman of OpenPro.

Previously, he had held Information Systems management positions with Republic Corporation, Litton Industries, Union Bank and the Boeing Company. He has also been a consultant to the computer industry, an instructor of “computers in business” in the MBA program at UCLA and a California Community College administrator.

His education includes a B.S. degree, an MBA and a doctorate in education. Dr. Clark’s responsibilities at OpenPro consist primarily of developing the Company’s strategic direction and overseeing the implementation of the business plan.

Accounting Periods: The accounting periods are user defined and may be kept open as long as required, with multiple periods open at the same time. Any transaction may be corrected until the period is closed.

Account Number Format: The flexible up to 64 digit alphanumeric account number format allows companies to enter any existing Chart of Accounts, which facilitates the setup of the General Ledger record.

General Journal Entries: General Ledger allows interactive entry, editing and posting of general journal transactions.

Interaction with other Modules: General Ledger is updated by all of the other modules as data is processed, allowing “real-time” reporting.

Financial Statements: Financial statements are formatted by the user and interim financial statements can be produced via a “trial close” process. The financial statements include budget comparisons.

Reports: General Ledger produces a number of reports including a listing of all ledgers and journals, Chart of Accounts, general journal entries, trial balances, audit reports and the income statement and balance sheet.

The general journal posts miscellaneous transactions against all subsystems. This eliminates additional accounting steps and assures accurate cross referencing.

OpenPro’s open source ERP system provides accounting software for manufacturing companies of all sizes. OpenPro’s modular design provides manufacturers with the option to select the modules that meet their needs today, with the confidence that they can add new capabilities at any time. OpenPro modules include: Financials, Manufacturing, Distribution, Customer Relationship Management, and E-commerce.

The Financial module includes all the capabilities required for manufacturing company accounting:

For small manufacturers who simply need a complete business financial solution, OpenPro’s software can be used as a standalone manufacturing accounting system that includes General Ledger, job cost, AP and AR, check reconciliation, fixed assets, payroll HRS, and budgets.

An executive dashboard plus a broad range of reports provides decision-making information for all your business needs.

For larger manufacturers who need more capabilities from their manufacturing ERP software, OpenPro offers a complete range of functions including:

For very large and global manufacturers, OpenPro provides all the capabilities required, including:

Complete Accounting Software for Manufacturing Companies of All Sizes: OpenPro provides powerful ERP software that is cost-effective, comprehensive and flexible.

We offer a variety of implementation and hosting options. Small and large manufacturers choose OpenPro for more value and more features in their manufacturing accounting software. Since 1998 we have been delivering web-based ERP software solutions to small and mid-sized companies as well as international enterprises.