Financial Software Applications
JOMAR's Financial Software can also be integrated with third party software and legacy systems.
Bank Services
- Electronic bank reconciliation - processing of electronic bank information to support check reconciliation
- On-line check reconciliation with automatic posting to General Ledger
Financial Statement Generator
- Simplified set-up of financial statement format via identification of accounts by 'Wildcard' and 'Range' combinations
- On-line (summary and detailed) financial statement inquiry with journal postings for supporting detail
- Dynamic mix and match of financial statement column layouts to account statement formats
Automated load to Excel for subsequent reporting.
Other Features of Financial Software Applications
- Full Intercompany transaction processing with all financial software modules
- Powerful 'As of’ reporting for Accounts Receivable and Accounts Payable to support auditing requirements
- Account history of all postings in financial modules
- Reprint capability for posting reports
- Seamless integration of financial software modules with the manufacturing and warehouse distribution modules
- Drill-down from GL, AR and AP transactions to Inventory, sales and purchasing source documents
- Documents can be scanned, stored, retrieved and appended to important accounting or legal records
Multicompany Financial Consolidation – reporting of alternate groupings for multinational business operations at a selected currency:
- Automated elimination entries
- User defined direct-subsidiary discount linkages
- Unlimited number of user-defined consolidation scenarios
- Rollup capability for automatic summarization of accounts within the consolidation company with drill-down to account
- Consolidation across multi-currency companies to a common reporting currency
Multi-currency
- Multi-currency for GL, AR and AP integrated with financial reporting
- Extensive multicurrency intercompany transaction processing. Automatic exchange rate calculations support intercompany journal entries involving companies with different domestic currencies
- Inquiries support presentation of both domestic and foreign currency amounts
- Streamlined journal entries in foreign currency with automatic calculation of domestic equivalent based on currency table
- Computer generation of unrealized exchange gain/loss postings with automatic reversal
- Capability for a customer to carry invoices and credit memos in any number of currencies at any one time
- Capability for a vendor to carry invoices in any number of currencies at any one time
- Automatic posting of realized exchange gain/loss cash application for multi-currency invoices
- Check Run allows for any currency with automatic posting of realized exchange gain /loss for multi-currency payments
Third Party Software Integration
- MS Excel and Word documents are linked to journal entries, invoices, credit memos, adjustments and other accounting transactions
- GL, AR and AP applications export data to Microsoft Excel for reporting and graphic analysis of financial information
- Upload of budgets from Excel
