Finance
Connect supply costs, goods transactions and each company’s financial close.
Approval conditions
Finance Manager: Approve Invoices and every credit revision independently
PendingApproval
- INV-87898 ACC-110
- INV-89169 ACC-120
- INV-18981 ACC-140
- INV-76068 ACC-120
- INV-83838 ACC-130
INV-87898
- Account
- ACC-110
- DocumentType
- Invoice
- Facility
- FCL-3206
- NetAmount
- 910
- TaxAmount
- 500
Approval waits for the finance manager.
- Entities
- Currencies
- ExchangeRates
- AccountingPeriods
- ChartOfAccounts
- TaxCodes
- StandardCosts
- PostingProfiles
- Invoices
- InvoiceLines
- Bills
- BillLines
- CashReceipts
- CashApplications
- CreditApplications
- Refunds
- FinanceCorrections
- BankAccounts
- BankStatementLines
- PaymentRuns
- Payments
- PaymentAllocations
- RevaluationRuns
- RevaluationLines
- JournalEntries
- JournalLines
- CloseTasks
Maintain the right company basis
Every legal company retains its chart, functional currency, bank accounts, posting periods and financial authority. Facility and department dimensions explain the operating destination without merging ownership or netting another company’s balances.
Finance Manager independently approves protected account mappings, rates, tax policies, standards and beneficiary changes. Transaction, document, bank and functional amounts retain their own meaning. Known zero is valid where supported; missing cost, rate or tax evidence remains unresolved.
StatusOpenInProgressReviewRequired
Connect operating events to the books
Accepted supplier receipts establish owned inventory and their original goods-received accounting. Matched bills clear that source and create the payable with reviewed differences. A supplier invoice cannot receive inventory a second time.
Actual department use relieves its current stock carrying to the selected department expense. An internal transfer remains owned inventory. Assembly issue moves actual source value into exclusive WIP; accepted terminal output relieves attributable WIP into the frozen standard with one approved signed variance.
| Operating source | Financial consequence |
|---|---|
| Accepted receipt | Owned inventory and original goods-received balance |
| Actual department use | Current source carrying charged to its department |
| Assembly issue | Inventory transferred into exclusive WIP |
| Approved completion | Standard output and attributable WIP relief |
| Actual local goods title | Stock carrying relieved to cost of goods sold |
Keep billing separate from physical cost
Accountant prepares goods invoices from exact eligible title-transferred source. Finance Manager independently approves every invoice and credit revision. Posting creates receivables, revenue and applicable tax; it does not issue the goods again.
Local receipts enter an unapplied liability from actual cash evidence. Applications consume eligible remaining invoice and receipt balances without another bank movement. Supplier prepayments and credits retain their own source claims rather than being counted as a second payment.
Preserve both intercompany valuations
Destination acceptance owns the selected intercompany title transition. The seller relieves its own transit carrying; the buyer establishes inventory under its separately reviewed acquisition basis and goods-received commercial amount. Price, seller cost, buyer standard and each company’s currency remain distinguishable.
The seller invoice and buyer bill are ordinary local documents with exact paired allocations. Their separate approvals and periods remain effective. One posted side does not authorize the other, and a partial result is recovered through the missing approved effect without reposting the successful side.
Settle from actual financial evidence
Finance Manager independently authorizes required payments, refunds, fees and protected corrections. Accountant reconciles actual bank or cash results. A request, acknowledgment or timeout cannot establish settlement or release uncertain claims.
Buyer intercompany payment and seller receipt may occur on different dates and at different amounts after fees or conversion. Their shared reconciliation identifies those facts without assuming bank-to-bank simultaneity. Cash transfers move an existing asset through an approved journal rather than creating another receipt.
Explain current carrying and exchange differences
Revaluation owns the reviewed change from an eligible source’s existing functional carrying to its current value. Repeated runs or imported evidence cannot add the same whole difference again.
Settlement posts only the incremental exchange difference from current carrying. Previously recognized unrealized FX moves to realized through a zero-net reclassification. Partial slices retain proportional amounts and the final remainder, so a fully settled source leaves no stranded value.
Correct the original source
Posted history remains intact. Physical returns, credits, refunds and finance corrections identify their original source and affected descendants. Customer returns use original title-issue basis; supplier returns remove current receipt-descendant carrying. Intercompany reciprocal returns preserve each company’s different value and actual acceptance.
An accounting correction does not restore consumed supplies or create another ownership event. Required current-period decisions preserve earlier dates and journals while recording the actual new effect.
Close from reconciled obligations
Accountant reconciles bank, AR, AP, goods-received balances, stock, owned transit, WIP, department use and intercompany positions at an explicit cutoff. Finance Manager independently approves close after required reviews and unresolved differences are addressed.
Migration begins with one opening ledger per company and nonposting source detail, preserving partial use, title, billing and settlement. Local Financial Statements and period close connect the operating evidence to the company’s final books.
Modules
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Department supplies
Follow department needs from approved request to actual supply use.
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Purchasing & suppliers
Follow approved purchasing through accepted deliveries and supplier settlement.
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Inventory & locations
See current supply, reservations and restrictions across stores and facilities.
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Supply-pack assembly
Build standard supply packs with clear component, work and cost records.
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Sales & billing
Connect genuine goods orders with actual fulfillment, approved billing and collected cash.
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Intercompany supply
Coordinate goods between group companies while keeping each side accountable.
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Finance
Connect supply costs, goods transactions and each company’s financial close.
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Reporting
See supply work, intercompany differences and financial results on a consistent basis.
Roles and permissions
Prepares local financial sources and reconciles separate company results.
Independently controls monetary authority, valuation and each company's close.
Related processes
Procure to pay
Connect provider purchasing with accepted supply and actual supplier settlement.
8 stages · 3 approvals
Order to cash
Follow actual goods orders through approved billing and collected cash.
5 stages · 2 approvals
Intercompany supply
Follow paired company orders through destination acceptance and separate settlement.
10 stages · 5 approvals