Automate and streamline for efficiency

A robust core accounting engine forms the heart of Xledger’s Cloud finance management system. We simplify business management by providing advanced automation and analytical capabilities for General Ledger, Accounts Receivable, Accounts Payable, and Cash Book. Xledger unifies these functions, eliminating the need for bolt-on and reconciliation conflicts. Our core accounting delivers fast, accurate, compliant, and cost-effective results.

General Ledger

The general ledger [GL] is the hub of your financial system, the record of all economic events throughout your organisation. Your GL should adapt to your organisation’s specific needs. Xledger gives you approximately 320 pre-defined balance sheet and profit & loss accounts, along with 17 distinct, customer-definable dimensions for allocation across GL, subledger, asset, and bank transactions.

Features include:

  • Flexible chart of accounts
  • Real-time, immediate financial consolidation
  • Built-in subledgers ensure a GL free from clutter and reconciliation conflicts, with no need for bolt-on applications
  • Multi-entity, multi-dimension, and multi-currency support
  • Drill-down to the source documents and approvers of each transaction
  • Simple yet robust journal entry and edit, always with full audit trail
  • Default rules that can ease compliance with U.K. GAAP and IFRS standards
  • Support for unlimited number of budgets
  • Automation of data entry via OCR
  • Comprehensive workflow eliminates manual processes

Accounts Payable

Xledger has advanced vendor management and payment processing workflow. You can eliminate the hassle of paying your bills and tracking those payments. Because Xledger delivers built-in accounts payable functionality, there are no reconciliation conflicts between the GL and the AP subledger.

Features include:

  • Automation of data entry through OCR bill recognition and validation
  • Multi-rule/person/level posting and payment approval workflow
  • Intuitive Smart Helps offers automated posting suggestions for each journal entry
  • SafePay validation helps to ensure against fraudulent transactions
  • Flexible disbursement options: Pay with cheque, wire transfer, or electronically via ACH, all through the system and without manual effort
  • Automatic payments on your schedule
  • Automated matching of transactions to ensure that bills are only paid once
  • Better prediction of cash flow and liquidity with the liquidity dashboard
  • Generate 1099s with ease
  • Intercompany transactions

Accounts Receivable

Xledger’s accounts receivable functionality enables you to improve cash flow by efficiently managing customer accounts, billing, and cash collection. Since the accounts receivable functionality is native to Xledger, you will never have reconciliation conflicts between the general ledger and the Accounts receivable subledger.

Features include:

  • Invoice templates, rules, and delivery options
  • Recurring and subscription billing
  • Automated payment matching to ensure no-waste collection efforts
  • Automated calculation of commission, royalty, discounts, and interest
  • Attach supporting documentation to invoices
  • Calculate discounts and interest charges automatically
  • Automated collections management
  • Automation of intra-group billing with default posting for the recipient company

Cash Book

No modern ERP system is complete without cash management. Xledger’s cash book offers unprecedented levels of flexibility and automation. Xledger enables you to know your cash position at any given moment. Notably, Xledger delivers powerful automated bank reconciliation and posting rules.

Features include:

  • Bank integration
  • Automated bank reconciliation
  • Automated posting rules for routine transactions
  • Liquidity barometer for real-time understanding of cash flow
  • Near-term cash flow forecasting
Solution overview
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