Financials
Azyra’s financials set world class standards in every area – ease of use, flexibility, power and seamless integration with all aspects of your business.
All your requirements
All your financial requirements are handled – sales invoicing, purchase invoice processing, accounts receivable and payable, costing, bank accounts, sundry receipts and payments, general ledger, budgeting, reporting, audit trail and financial statements.
Companies, departments, divisions
Transactions and costs are automatically analysed at line level by company, department and division – and across countries and services. Management reports are from the same source as financial statements so everyone is on the same hymn sheet.
Chart of accounts
Azyra has the most user-friendly and powerful accounts structure you’ll find anywhere. Sales and purchase charges are automatically mapped to the correct account codes and VAT codes.
Flexibility
Transactions can be reversed, reissued and repeated – subject to user permissions. The chart of accounts can be easily reorganised.
Currencies
Customer, supplier and bank accounts can be in any currency and exchange differences are generated automatically. Each company can have its own currency. Reports and enquiries show values in transaction currency, company currency and home currency.
Live credit control
Automatic credit warnings appear on orders, bookings and quotations and customs declarations. The warnings take account of jobs not yet invoiced and exposure to companies in the same ownership.
Credit management
Due date analysis allows management of customers with individual credit terms. Credit taken analysis shows the actual payment performance of customers.
Queried invoices
Queried sales and purchase invoices can be flagged, commented and followed up. You can drill down from an invoice to the order, job, quotation and all related emails. You can email a statement with all the outstanding invoices.
Live accounting and reporting
The financials are updated in real-time by costings, sales, purchases, warehouse receipts, issues and bank transactions.
Financial statements
The profit and loss account and balance sheet show comparison with budget or previous year. They can be viewed, printed or exported to spreadsheets for any company, department, period or year, in summary or detail.
Rapid invoicing
The invoicing control tower allows rapid invoicing workflow to reduce effort and accelerate cash flow. Customer requirements for bulk invoices and special invoices are easily handled.
Self-billing
Draft sales and purchase invoices are easily generated from customer charges and trade accruals and emailed to customer and suppliers.
Sundry transactions
Sundry receipts and payments can be analysed and costed just like sales and purchase invoices.
Overheads
Azyra handles all your overhead and non-trading transactions – with analysis by company, department and division.
Purchases accruals control
The purchases accruals control account is automatically updated for trading costs. This provides full ledger control including age analysis and write-off facilities.
No hiding place
Accruals exceeded and written-off are clearly reported in the profit and loss account. Management reports show the origin of variances by department, user or supplier.
Bank accounts
Bank accounts can be in any currency. Comprehensive facilities such as multi-currency transfers streamline accounting workflow.
General/nominal journals
One-off, recurring, template and accrual general/nominal journals are easy to use and supporting documents can be filed electronically with the journals. Accrual journals are automatically reversed in the following period.
Unlimited drill down
You can drill down from the general ledger to the transactions and their sources – customer orders, purchase invoices, warehouse transactions, etc.
Financial periods
There are no period end or year end procedures. Costs and revenue are automatically allocated to the correct financial period allowing immediate month end cut off and reporting. Management reports are from the same source as financial statements so they always agree.
Budgets from spreadsheets
Budgets can be easily imported to the general/nominal ledger from spreadsheets without special coding or knowledge. Budgets can be at the level of companies, divisions, departments, customers or product group.
Audit trail
Audit trail flows from the financial statements and management reports down to the source transactions and their supporting documents. Financial and business data is retained indefinitely without archiving.
User control
User access to menu options and companies is easily managed. Special permissions control activities such as opening customer accounts, revising credit terms, issuing credit notes, accrual write-offs and access to confidential bank accounts.
Integration with other systems
Azyra has excellent facilities for exporting transactions to other systems with a clear audit trail and cut-off. You can do all your sales invoicing, costing, purchase matching and processing in Azyra and export the fully costed transactions to your ledger system.