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Core accounting

As the foundation of Xledger’s robust solution, our core accounting engine simplifies business management for the company seeking an optimal balance of functionality, performance, and ease-of-use. It consists of the General Ledger, Accounts Payable, Accounts Receivable and Cash Book, to deliver fast, accurate, compliant, and cost effective results.

General Ledger

The GL is the hub of your financial system. As the underlying architecture for sound financial management, it should adapt to your specific needs. There are approximately 320 pre-defined balance sheet and profit and loss GL accounts. Though the standard chart of accounts is inherited by default (based upon hierarchy, region, or vertical market), it is fully configurable and can be used, copied, modified, closed, or added to meet each customer’s unique needs. In addition, there are 14 distinct dimensions – also customer-definable – for allocation across GL and subledger transactions. Features include:

  • Multi-entity, multi-dimension and multi-currency support
  • Transaction detail drill down
  • Flexible chart of accounts
  • Subledgers ensure a clutter free GL
  • Real-time financial consolidation
  • Flexible accounting and close periods
  • Simple, but robust journal entry/edit
  • Compliance with GAAP and IFRS standards
  • Full transaction tracking and audit controls
  • Support for unlimited number of budgets
  • Automation of data entry via OCR
  • Comprehensive workflow
  • Intuitive SmartHelps
  • SafePay validation
  • Prepaid expense recognition
Accounts Payable

Xledger has advanced vendor management and payment processing workflow. You can eliminate the hassle of paying your bills and tracking those payments.

  • Automation of data entry through OCR bill recognition and validation
  • Multi-rule, multi-person and multi-level posting and payment approval workflow
  • Intuitive Smart Helps automate expense allocation for faster postings
  • SafePay validation helps to ensure against fraudulent transactions
  • Flexible disbursement options: Pay with check or electronically via ACH, all through the system with no manual effort required
  • Prepaid expense recognition
  • Automatic payments on your schedule
  • Rapid data entry and validation with fewer errors
  • Automated reconciliation of transactions
  • Fully unified with PO elements
  • Better prediction of cash flow and liquidity
  • Generate 1099s with ease
Accounts Receivable

Xledger’s account receivable functionality allows the user to efficiently manage customer accounts, billing and cash collection to improve cash flow.

  • Invoice templates and rules
  • Recurring billing
  • Automated payment matching
  • Commission and royalty calculations
  • Deferred revenue recognition
  • Invoice delivery options
  • Attach supporting documentation to invoices
  • Multiple payment receipt options
  • Calculate discounts and interest charges automatically
  • Centralized printing and mailing services
  • Automated collections management
Cash Book

Cash management is a critical component to any ERP worth its salt. Setup and manage bank accounts, payments, deposits, multi-currency and business rules with ease. Know your cash position at any given moment. With auto posting rules and auto reconciliation, Xledger’s cash book offers unprecedented levels of automation. And, best of all, no third party tools are required.

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