Finance & Accounting

Manages all aspects of the purchase ledger. This includes the receipt and registering of supplier invoices, the matching of the values and the coding and processing of invoices through to the finance package for payment. Coding rules can be applied (although these can be manually overridden) and the system allows for the processing of both material-based and service-based invoices.

Allows for a purchase order to be flagged in such a way that goods must be paid for before they are receipted. This process ties together purchase orders/receipts and purchase invoices and ensures that it happens in the correct sequence (i.e. payment first).

Allows all transactions in the system to be stamped with a financial period, enabling the system to provide financial based analysis and reports for the current and previous periods. The period end control allows the period opening and closure to be managed and audited and published at the end of each period.

Manages the fixed asset list for the business that can include both aircraft related assets as well as plant and equipment. The system manages the list and the procurement assets, while allowing for a depreciation method to be applied to each asset.

Provides the ability to manage and control the company chart of accounts. This includes suppliers and customers as well as the general ledger codes used for financial transactions. The update and management of these is via the financial package interface.

Supports the ability to provide a financial code breakdown of transactions to support the financial reporting requirements of the business. Analytical codes can be multi-dimensional with no restriction on levels. Each dimension can be linked to transaction rules such as cost centre and department as well as down to specific registrations. The codes are applied based on business rules and will form part of the transfer journals posted to the financial package.