Abacus ERP – Finance Module

bencom-admin 12.12.2023. 3 min read

Efficiency and Automation of Accounting

Looking for a modern solution to manage complete financial accounting? We present to you the ABACUS ERP system – the Finance module. With a special focus on automation and optimization of business processes, the use of this module reduces time consumption and the possibility of errors.

Manual and Automatic Booking

ABACUS ERP is designed to reduce the need for manual entry. For example, when entering costs, such as electricity bills, the user only enters basic information, while the system automatically generates the booking entry based on predefined schemes. This way, the entry of a single incoming invoice can be completed in just a few seconds. The flexibility of the program makes it suitable for everyone, as it also allows users to manually enter various types of transactions – incoming and outgoing invoices, payroll calculations, depreciation, and more.

Working with Advances and Statements

One of the strongest features of the ABACUS ERP system is the automatic reconciliation of bank statements. The system automatically imports statements in XML format directly from the banks and then recognizes transactions based on the booking history, thus reducing the need for manual entry, which can often lead to errors.

Speed and Accuracy

Automatic booking of transactions makes ABACUS ERP an extremely efficient tool for managing finances, saving time and resources for users. Operators can book dozens of items in just a few minutes, which is a major advantage over other software systems where manual entry is still dominant.

Support and Flexibility

In addition to its rich functionality, ABACUS ERP stands out for its fast and constant technical support. Support is available even outside of working hours, including weekends, to ensure that users have access to the necessary assistance via phone or email at any time.

Integration with Other Modules

The Finance module is fully integrated with the other modules of the ABACUS ERP system. Changes in other business segments, such as goods, materials, and services, are automatically reflected in finances. For example, when goods are entered through the material module, there is no need to enter that data again in the finance module – the system automatically creates a booking entry.

Reports and Analysis

The Finance module offers a wide range of reports, including the balance sheet, general ledger, analytical accounts, and others. The flexibility of the ABACUS ERP system allows users to create custom reports, which can be saved as templates for later use. Additionally, a procedure for generating annual financial reports (income statement, cash flow, etc.) has been developed, which is of great importance when preparing documentation for the tax authorities.

Fiscalization and Data Import

With the introduction of electronic fiscalization in Montenegro, ABACUS ERP has been upgraded to support scanning QR codes from fiscalized invoices, enabling the automatic download of items from invoices and their booking. The module also supports importing data from various formats such as Excel, XML, and TXT, further simplifying the input of large amounts of data.

Compensations

The system offers the possibility to work with compensations, which is particularly useful with partners who simultaneously have the role of both customer and supplier. The program automatically proposes the compensation, prints it, and books it.

Why ABACUS ERP?

ABACUS ERP is a comprehensive system that significantly simplifies the management of financial accounting. Its functionalities, such as automated booking, integration with banks and fiscalization, make it one of the most modern solutions on the market. Users can be confident that all financial operations will be accurately recorded and analyzed, with minimal risk of errors and maximum time savings.