Accessing necessary accounting information and reports is crucial to running your business. openBLUE allows you the tools to control the accounting rules of your financials and processes within the system. Because the accounting functions are tightly integrated with the other functions within the system you get the financial data you need on-demand.

The robust openBLUE Accounting engine generates Accounting transactions automatically based on the rules defined. This allows also for manual entries to generate additional postings (actual, statistical, budget, etc.)

openBLUE Accounting Features:

• Multiple Accounting Schemas
  openBLUE allows you to define multiple accounting schemas to maintain your books financial reporting and data for management decision making in parallel. This allows for easy seperation of management and legal reporting.
  
  
• Account Elements
  Define the Elements which make up the Accounting Combination to be used in the GL transactions. openBLUE allows you to define two other user defined elements to accomodate unique business profiles.
  
  
• Posting
  Post when a document is processed or in a batch mode. openBLUE allows you to reset the accounting for all or for part of your organization. openBLUE allows for the resubmit of a posting if an error occurred.
  
  

• GL Journals
  The system allows you to generate journals for allocations, revaluations and restatements. Manual journals allow you to create accounting entries for a specific accounting schema which is generally used for correcting accounting entries only.
  
  

• GL Distribution
  In openBLUE distribute or allocate the amount of a transaction line to multiple accounts based on pre-defined percentages. (i.e. overhead charges)
  
  
• Financial Reporting
  In openBLUE you can generate and customize the following financial and accounting reports:
  - Balance Sheet
  - Income Statement (Profit and Loss)
  - Statement of Accounts
  - Trial Balance
  - Account Fact Details
  - Account Fact Daily
  - Account Fact Period
  
  
• Performance Management
  Success in adhering to Service Level Agreements (SLA) is an important measure for organizations performance and that of their clients. openBLUE allows you to create an SLA for any measurable data that is stored. Also create measurable performance goals.
  
  
• Costing
  openBLUE allows you to select multiple accounting types average and standard. Select from multiple costing methods Fifo, Lifo, Average PO, Average Invoice, last PO price and last Invoice. openBLUE also allows you to maintain and define your own product cost elements.
  
  
  

Other openBLUE Accounting Features:

• Control of Calendar Year and Periods
• View and Modify Accounting Dimensions
• Create multiple Accounting Combinations
• Generate Charges
• Maintain General Ledger Budgets
• Update Account Balances
• Aging and Open Items reports
• Matching POs, Invoices, Receipts process
• Receivables Write-offs
• Payment Allocation
  

  
  

Click here to view an acccounting openBLUE demo

Click here to download our openBLUE Chart of Accounts

Click here for a free openBLUE trial account.