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# finally Features

##### 
## General Ledger (3)

Journal Entries

Increases user efficiency by auto-populating based on previously entered information. Schedules future entries. Allows Journal Entries to be uploaded from an external source.

Tags / Dimensions

Ability to tag all transaction in the general ledger with customizable dimensions, classes, categories, etc. These dimensions should be available on any transaction in any module in the system and available to be reported upon.

Audit Trail

Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record

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##### 
## Accounts Receivable (3)

Invoice Customization

The layout of the invoice template is fully customizable and you can add or remove fields.

AR Automation

Automation helps the user be more efficient by populating default customer data, setting up systematic payments from clients and automatically matching customer receipts to outstanding transactions.

Collections Automation

The system automates the dunning process to help drive collections

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##### 
## Accounts Payable (3)

AP Automation

Steamlines data entry by auto populating recurring or predefined vendor values

Payment Processing

Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow.

Purchase Orders

Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process

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##### 
## Other Functionality (8)

Inventory Tracking / Ordering

Real time inventory tracking. Maintains accurate "On Hand" infomation by matching reserved inventory requested on purchase and sales orders.

Inventory Pricing and Costing

Ability to establish multiple price levels. Update pricing on a per item or global inventory basis. Choice between multiple costing methods such as Average, LIFO, FIFO and Specific Unit.

Inventory Reporting

Customizable reporting allows insight into usage of inventory and services.

Multi-Entity / Consolidation

Multi-ledger and multi-tenant architecture. Automated consolidations, inter-entity transactions and eliminations

Recognition Rules

Automates recognition of revenue and expenses by defining recognition rules.

Reconciliations

Transactions are imported from source systems and automated matching reconciles majority of transactions. Includes user flexible, user defined matching and grouping rules to help reduce the time needed to produce accurate reconciliations.

Payroll

Payroll module or integration to an external payroll provider which automates the recording of payroll

Time and Expense

Automated time and expense capture, tracking, approval, reimbursement and reporting

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##### 
## Reporting & Analytics (4)

Financial Statements

General reporting offered covers all of the standard financial statements and meets the basic needs of the business

Custom Reporting

Reports created by the user to cater to specific requirements. If you can build it in Excel, you can build it in the custom report writer

Budgeting / Forecasting

Create and revise an unlimited number of budget, plan and forecast scenarios.

Dashboards

An easy to read, often single page, real-time user interface, showing a graphical presentation of the current status and historical trends of an organization's Key Performance Indicators (KPIs) to enable instantaneous and informed decisions to be made at a glance

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##### 
## Platform (10)

Customization

Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views.

Workflow Capability

Automates a process that requires a series of steps that typically require intervention by several different users. Administrators can write rules to determine who and when a user needs to complete a step. Also includes notification of users when they need to take action.

User, Role, and Access Management

Grants access to select data, features, objects, etc. based on the users, user role, groups, etc.

Internationalization

Enables users to view and transact business with the same content in multiple languages and currencies.

Performance and Reliability

Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took.

Output Document Generation

Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.

Reporting and Dashboards

Access pre-built and custom reports and dashboards.

User, Role, and Access Management

Grant access to select data, features, objects, etc. based on the users, user role, groups, etc.

Performance and Reliability

Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took.

Scalability

Allows administrator to easily add employees and grow payroll process as their company grows.

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##### 
## Integration (7)

Data Import and Export Tools

Ability to input, modify and extract data from the application in bulk through a structured file.

Integration APIs

Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications.

Breadth of Partner Applications

To what extent are there partner applications readily available for integrating into this product? Partner applications typically provide complementary, best of breed functionality not offered natively in this product.

API / Integration

Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications.

Time Tracking Integration

Enables administrator to import hours from time tracking systems.

Accounting Integration

Provides standard integration with third party accounting software.

Core HR Integration

Provides standard integration with third party core HR software.

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##### 
## Employee Self Service (3)

Web Portal

Allows employees to access current and past pay stubs, W-2 forms, and additional salary information.

Benefits Manager

Allows employees to answer or update questions pertaining to benefits and receive information about benefit providers.

Mobile

Allows employees to view pay stub and W-2 information via a smartphone app or mobile optimized website.

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##### 
## Administration (9)

Payroll Entry

Allows administrator to enter payroll for all employees based on salary or total hours worked.

Time Off Accrual

Calculation and tracking of sick and vacation days.

Direct Deposit

Automatically deposits paychecks into employees' bank accounts.

Expense Reimbursement

Allows administrator to reimburse employees for business-related purchases.

Pre-tax Deductions

Automatically deducts wages for health care, 401(k) plans, etc. from paychecks.

Wage Garnishment

Allows administrator to set up for wage garnishments to be deducted automatically from employers' paychecks.

Approvals

Administrator can submit payroll approval request and the approver can approve, deny, or re-assign it to the appropriate approver.

Check/W-2 Printing

Allows administrators to print valid paychecks and W-2 forms.

Check/W-2 Delivery

Sends printed checks to administrator to distribute to employees.

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##### 
## Taxes (3)

Tax Calculation

Calculates taxes due and may include resources or tools for federal and state tax compliance.

Tax Filing

Files payroll tax forms automatically for federal, state, and local taxes.

Automatic Tax Payment

Allows payroll vendor, via power of attorney, to make electronic payments of withheld taxes to government.

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##### 
## Cash Flow (3)

Track Cash Flow

Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds.

Income and Expenses

Add one-time or recurring cash flow items and add line items for each payment or deposit.

File Exports

Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis.

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##### 
## Budgeting & Forecasting (4)

Budgeting / Forecasting

Create and revise an unlimited number of budget, plan and forecast scenarios.

Data Import

Import trial balance, monthly P&L, balance sheets, and other types of financial data

Versioning

Keeps track of all versions of a budget and allows users to compare versions

Historical Data

Forecasting is based on past transactions and historical financial or operational data

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##### 
## Revenue (3)

Revenue Types

Supports multiple types of revenues, such as recurring and transaction based

Revenue Allocation

Allows users to allocate revenues to various business entities or departments

Scheduling

Automatic scheduling to ensure that revenue is recognized at the proper time

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##### 
## Payroll (4)

Direct Deposit

Automatically deposits paychecks into employees' bank accounts.

Check/W-2 Printing

Allows administrators to print valid paychecks and W-2 forms.

Tax Calculation

Calculates taxes due and may include resources or tools for federal and state tax compliance.

Reporting and Dashboards

Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes.

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##### 
## Tax Planning (4)

Strategies

Recommends strategies to lower taxes such as tax credits or charitable contributions

Exemptions

Determines exemptions for sales tax or revenue tax for industries such as nonprofit

Credits

Determines tax credits and carryforward from prior years to lower the amount of tax owed

Estimations

Estimates how much tax will be owed at the local, state, or federal level

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##### 
## Tax Filing (3)

Calculations

Calculates tax related data, such as income, COGS, depreciation, and other operating costs

Rules & Regulations

Provides the latest rules and tax rate information for different federal, state, county, and city entities

Reporting

Provides custom reporting of current and historical information to support tax reporting and filing

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##### 
## Workflows (2)

Integrations

Integrates with other systems, such as accounting, ERP, CRM, and ecommerce platforms

Importing

Syncs with company accounts to automatically import transaction data

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##### 
## AI (10)

Data Extraction

Uses AI to automatically input data from receipts, invoices, and other documents

Invoice Processing

Uses AI to generates, send, and track invoices

Expense Management

Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns

Fraud Detection

Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time

Tax Compliance

Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns

Support Chatbots

Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports

Bank Reconciliations

Uses AI to match transactions recorded in the accounting system with those in bank statements

Report Generation

Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business

Customizable Alerts

Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances

Predictive Analytics

Uses AI to analyze data to identify trends and make predictions

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##### 
## Mobile Applications - Accounting (6)

Cloud Integration

Enables synchronization of accounting data across devices in real-time

Notifications

Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines

UI

Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables

Offline

Allows users to view and update certain data without an internet connection

Expense Tracking

Allows users to capture and upload expense receipts directly from mobile devices

Invoice Management

Enables creation, editing, and sending of invoices

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##### 
## Agentic AI - Accounting (1)

Autonomous Task Execution

Capability to perform complex tasks without constant human input

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##### 
## AI Assistant - Accounting (1)

AI Accounting Assistant

Provides conversational assistance for accounting tasks, financial data, and product navigation using natural language.

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## Technology Glossary Features

View full feature definition

View definitions of the features and discover new technology terms.

[View Glossary](/glossary)

[Inventory Reporting](/glossary/inventory-reporting-definition)

Inventory reporting plays a valuable role in the inventory control process. Learn more about inventory reporting, how it can benefit inventory management, and how to write reports to support a business structure.

[Wage Garnishment](/glossary/wage-garnishment)

Wage garnishment can take its toll not only on employees but also on employers. Learn more about wage garnishment, how it can impact a business, and what to do if an employee receives a garnishment of their wages.

##### Categories on G2

[
Payroll
](https://www.g2.com/categories/payroll)[
Accounting
](https://www.g2.com/categories/accounting)[
Corporate Tax
](https://www.g2.com/categories/corporate-tax)

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