Financials are the core to any business, whatever its size.
With Opera 3 Financials you can continually track your revenue and when it is due. Also, it reminds you who you owe money to and when it has to be paid. You’ll find the visibility of your cash flow invaluable for your profit generation. What’s more, reports from the Financials can be sent directly to MS Excel.
The applications within Opera 3 Financials are:
- Credit Management Centre
- Multi Currency
- EC VAT
- Fixed Assets
The sales ledger has built in credit control facilities so that customer account information is at your fingertips. And it makes forecasting easy with the automatic calculation of average debtor days for both individual customers and your company.
You can email statements, copy invoices and debtors letters. View your sales information in a way that is useful to you. And it caters for multi-currency, handles all your customer profiles and trading terms, as well as invoices, credit notes, receipts, refunds and adjustments.
The Retrospective Debtors report gives you a list of outstanding customer debts including how long the balance has been outstanding. For example, to rerun your Debtors report at 31 December 2010, you simply enter that date and the report calculates the debtors position at that time. The report can be printed and sent to Excel.
With Opera 3, all your supplier transactions are managed from start to finish. Your cash flow is automated and improved with comprehensive cheque and BACS payment routines, e-mail remittances (individual or batched), and the calculation of creditor days.
It gives you access to purchase information across multiple periods and you can view the information you need however you want.
The Purchase Invoice Register allows invoices and credit notes to be posted and remain in the register until they are authorised. Giving you greater control over every document received. Payment workflow is enhanced though BACS and cheque payment routines combined with email remittance. What’s more, with back-to-back processing to the Fixed Assets application, you can create an asset record when posting an invoice to save rekeying information.
With Cashbook you can post transactions directly from Financials. The reconciliation function allows you to post unexpected entries, query transactions and save incomplete reconciliations to finish later.
With Opera 3 Costing, you can track job costs and revenues against budgets. You can also break down costs against a variety of categories including labour, contractor, direct expense, stock and interim billing. Group jobs under contract headings, or post against option phase and stay in control. Any Timesheets raised for work on jobs can be transferred into Payroll to update employee records.
Opera 3 handles unlimited currencies, exchange rates per transaction type and the calculation and recording of exchange rate fluctuations.
If you trade within the EU there are complex VAT rules you have to comply with. These rules can be hard to follow and failure to comply can result in financial penalties. These complex rules are automatically built into Opera 3 EC VAT to make it easier for you to trade in Europe.
You can define and maintain the information to produce the EC Sales List (ESL) and Supplementary Declarations (SD), including country codes, modes of transport, terms of delivery, commodity codes and nature of transaction codes for Intrastat purposes. The EC Sales List can also generate an XML upload file for submission via the HMRC website.
If you are using foreign currency accounts, appropriate VAT rate codes for EC sales and purchases can also be set up. This application will then collect the information needed to produce the returns for trading with EU member countries.
Keep track of your assets from the minute they become part of your company. Opera 3 Fixed Assets will track their depreciation rates and maintain the correct net book value for them throughout their life cycle. It caters for all types of assets, including Finance or Operating Lease and Hire Purchase or Lease Purchase assets. What’s more, the import routine makes it simple to import existing asset lists from a spreadsheet in bulk.
Call us now on 0330 400 5465.