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- Electronics ERP
- Who it's for
- Finance and collections
Finance and collections
Finance teams connect eligible delivered scope to invoices, actual customer cash and the period close. Accountant prepares each document; Finance Manager reviews independent financial decisions.
How Electronics ERP is set up for you
Invoice review
Check billed base quantity against title-transferred delivery lines and approve the prepared invoice.
Cash allocation
Apply only available unapplied receipt value to an eligible open invoice.
Period reconciliation
Review bank, receivable, payable and stock tasks against the current cutoff before close.
Finance teams connect eligible delivered scope to invoices, actual customer cash and the period close. Accountant prepares each document; Finance Manager reviews independent financial decisions.
Start with a partly delivered dealer order and its approved invoice. Accountant traces the invoice lines to the eligible title-transferred amount, while Finance Manager checks the prepared document before posting. Record an actual customer receipt and reserve only the amount available after any earlier applications.
Apply the receipt to the invoice and compare outstanding and unapplied balances. Reconcile the bank line separately; a prepared payment or receipt instruction is not external settlement evidence. For the close, Accountant updates the source-backed tasks and Finance Manager reviews the accounting period.
Use [the implementation plan](/erp-for-electronics/implementation) to assign invoice and reconciliation owners. [The data model](/erp-for-electronics/data-model) gives the links among delivery, billing, receipt and close records.
If a return follows the sale, record the physical disposition before preparing any credit or refund. Finance Manager checks the independent financial decision against the original invoice and remaining amount. Accountant keeps the old posted record and uses a linked correction when later bank evidence changes the outcome.
Features to start with
Roles on the team
- Finance Manager
- Independently controls each entity's credit, valuation, payment and period decisions.
- Accountant
- Prepares local bills, invoices, journals, reconciliations and guarded settlement allocations.
- Sales Manager
- Independently accepts dealer orders and owns commercial master and exception review.
Set up Electronics ERP your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.