Financial Management Overview

The WOODPRO 2000 software features a comprehensive Accounting/Financial Management component which functions as the backbone of the entire system. The myriad of features found in this system provide the tools that are essential to managing your operations.

The Financial Management system allows you to:

Maintain a comprehensive customer database with seven year sales history
Utilize credit management tools including payment trends, automatic review, diary account history, and credit letters
Calculate monthly interest charges and print monthly customer statements
Perform sales analysis of product and account profitability
Maintain a trader database and a comprehensive commission structure
Perform trader analysis to track profitability and trader activity
Set up flexible aging methods
Process automatic accounts payable accruals
Process both A/P and non-A/P computer checks
Distribute expenses automatically by preset percentage
Streamline your payment system
Maintain multiple profit centers and branches
Handle multiple currencies throughout
Preset recurring journal entries
Print financial statements and reports in a wide variety of formats
Add text and notes to financial statements
Reconcile bank statements

The focus of the Financial Management component is to provide the best information in the right format at the optimum time. Throughout the system, real-time simulation is featured where information is updated as soon as a transaction is entered. A variety of useful inquiries and reports are available to assist the user with cash management, sales analysis, credit management, trader analysis, budgeting and financial reporting.

To protect the confidentiality of company information, the system has integrated security features where users are set up with access to varying levels of information.

The Accounts Receivable system maintains a comprehensive customer database with detailed sales and payment histories. Credit Management tools are built into the system which provide timely, relevant information to assist in the credit process and minimize bad debts. Powerful sales and salesperson analysis features found here help monitor performance and profitability.

The Accounts Payable system streamlines the payment process, emphasizing cash management and featuring automatic accruals and cash requirement analysis

The information centre for the entire system, the General Ledger, has superior financial reporting and modeling features. Multiple profit centers and branches, three years of budget information and two years of prior year information are tracked by the system. Financial formats can be configured in numerous ways to provide precise information for analysis of any segment of your operation.