ERP Software For Accounting & Finance
With TurningPoint Systems, you can simplify transaction recording, payables, and receivables management with precision. Enjoy real-time access to your financial data and easily drill down into details to troubleshoot issues and create statements that comply with various regulatory financial requirements.
The ProfitPoint ERP Solution offers a complete suite of financial accounting systems
Maximize Your Financial Data Analysis With Microsoft Integration
Our ERP accounting software integrates with Microsoft’s advanced reporting and analytics tools, making data analysis seamless and efficient. You can easily generate reports with just a few clicks and export them as documents or Excel spreadsheets, making it simple to share and analyze financial data with stakeholders, investors, and other members of your team.
Effortlessly Manage Your Financial Data with ProfitPoint's General Ledger Integration
ProfitPoint’s General Ledger is an essential component of our bookkeeping software. Its design allows for the automatic population of both journal and sub-ledger entries, providing you with a real-time view of all your financial data. This feature streamlines the accounting process, eliminating the need for manual input of financial transactions.
Key Features of ProfitPoint General Ledger Feature
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The General Ledger interface seamlessly integrates with sales, credits, inventory adjustments, Accounts Receivable, and Accounts Payable transactions, resulting in the automatic posting of “end-of-day” journal entries. The recurring journal entries feature also simplifies the accounting process, reducing the risk of errors and saving valuable time.
ProfitPoint’s General Ledger enables you to drill down and view details behind account activity in all journal entries. The sub-accounts feature provides greater control over assets and expenses, allowing businesses to better manage their finances and make informed decisions.
The General Ledger module supports multiple companies with consolidation, making it an ideal solution for businesses with multiple entities. With the ability to consolidate data across multiple entities, businesses can gain a holistic view of their financial performance, identify areas of concern, and make informed decisions to improve their bottom line.
With ProfitPoint’s General Ledger module, you can easily generate these reports with just a few clicks. The ability to export reports as both documents and Excel spreadsheets makes it simple to share and analyze financial data with stakeholders, investors, and other members of your team.
Upgrade your accounting process with ProfitPoint's General Ledger feature!
Accelerate Your Cash Flow with ProfitPoint's Flexible Collection Tool
ProfitPoint’s flexible collection tools automate and streamline invoice delivery, payment processing, and collections management to shorten your credit-to-cash cycle and enhance your company’s service levels. It is designed to help you improve receivable collection efficiencies, maximize customer loyalty, and get you paid faster.
Key Features of ProfitPoint Accounts Receivable
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Our system allows you to automate invoice delivery, payment processing, and collections management to shorten your credit-to-cash cycle and improve customer service levels.
Secure credit card processing is a critical feature of ProfitPoint’s Accounts Receivable module that offers a safe and efficient way to process customer payments. The module integrates with major credit card processors and offers robust security measures to protect sensitive customer data, reducing the risk of fraudulent activity.
Enable automatic payment processing for selected accounts, providing flexibility for your customers and improving efficiency, and reducing the risk of late payments. In addition, our multiple payment options feature ensures that your customers will always have the ability to pay with their preferred payment method, whether it be by check, currency, clearing house, or credit card. This provides convenience and flexibility for your customers, which can ultimately lead to improved customer satisfaction and loyalty.
Our system enables you to manage credit across multiple stores, streamlining your collections process. You can also set up order holds for customers who are over their credit limit, delinquent, or considered a bad risk, or lockout credit customers from ordering. Additionally, you can impose service charges for past-due accounts, improving cash flow and reducing the risk of late payments.
By specifying an additional amount of money to be collected upon delivery, businesses can ensure that any outstanding balances are paid off promptly and that their shipping accounts remain in good standing.
Date-sensitive comments and notes allow you to include important information that is relevant to a specific order or customer at a specific point in time. For example, you may want to include notes about a customer’s preferred shipping method, or information about a specific promotion that they are eligible for. By including these notes and comments within your order management system, all members of your team can access the same information in real time, helping to improve communication and reduce the likelihood of errors or misunderstandings.
By keeping a complete audit trail of all transactions, businesses can improve accountability and transparency, which can be critical for legal and regulatory compliance, as well as overall business operations.
The cash expedited inquiry feature allows finance and accounting teams to quickly and easily access real-time financial data, including cash balances, cash receipts, and disbursements, to better manage their cash flow. This feature is particularly useful for companies that need to quickly respond to customer inquiries or address unexpected financial issues.
For example, if a pharmaceutical company receives an unexpected invoice from a supplier, they can use the cash expedite inquiry feature to quickly determine their cash position and whether they have sufficient funds to pay the invoice. Similarly, if a medical device company needs to respond to a customer inquiry about an outstanding payment, they can use the cash expedited inquiry feature to quickly pull up the relevant financial data and provide a timely response.
Whether you have multiple business units or subsidiaries, ProfitPoint’s Accounts Receivable module can help keep track of all financial transactions and activities. Easily switch between companies and bank accounts, view transaction details, and generate aging reports for any period to gain a better understanding of your financial position. Our system also supports both balance forward format and open item format statements, depending on customer preference.
Upgrade your accounting process with ProfitPoint's Powerful Account Receivable feature!
Efficiently Manage Supplier Invoices with our ERP's Automated Accounts Payable System
ProfitPoint’s Accounts Payable automates the processing and payment of supplier invoices. Automation of transaction matching, journal entries, approvals, and reconciliations eliminates manual data entry and minimizes the time and effort required to process bills.
Key Features of ProfitPoint Accounts Payable
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One of the primary features of ProfitPoint’s Accounts Payable is the ability to match vendor invoices to receiving when adding to accounts payable. This ensures that invoices are accurately recorded and paid on time, minimizing the risk of late payments or missed payments.
By journalizing receipts when inventory is received, you can accurately track inventory costs and ensure that they are properly allocated to the appropriate accounting periods.
This accounting software feature provides a list of payables due, allowing businesses to quickly and easily see which invoices are outstanding and when they are due. This provides better management of cash flow and ensures financial obligations are being met.
Regardless of the payment method chosen, ProfitPoint’s Accounts Payable provides businesses with a streamlined payment process. The software records all payment details, including payment method, payment date, and payment amount, and updates the supplier’s account balance accordingly. This ensures that businesses have accurate and up-to-date financial records, and can easily track their payment history and outstanding balances.
This feature allows businesses to automate their payment processes, reducing the risk of errors and ensuring that payments are made on time. This can include features such as payment approval workflows, payment scheduling, and payment tracking. With the additional ability to set up and manage recurring charges, such as monthly subscription fees, or other regular expenses, you save time and effort by automating the payment process. This reduces the risk of late or missed payments and improves overall financial management.
This feature helps businesses reconcile their bank accounts by automatically matching ProfitPoint transactions with bank statements. This ensures financial records are accurate and up-to-date, and helps to identify any discrepancies or errors that need to be corrected.
This report provides a clear view of financial commitments, either by date or by vendor. This helps to better manage cash flow and ensure sufficient funds are available to meet financial obligations.
This feature allows businesses with multiple subsidiaries or divisions to manage their finances in ProfitPoint. This helps to streamline financial management, reduce duplication of effort, and improve overall visibility and control.
In the event that a payment needs to be canceled or voided, this feature allows for easy voidance of payment and the ability to make any necessary adjustments to financial records. This helps ensure financial records are accurate and up-to-date, and reduces the risk of errors or discrepancies.