BatchMaster ERP Accounting and Financials

Improve your business performance and profitability with BatchMaster ERP, which offers SAP Business One’s world class Accounting and Financials capabilities for Food, Chemical, Nutraceutical and Pharmaceutical manufacturers.

Seamlessly incorporate your manufacturing and distribution related data in real-time to streamline and accelerate your general ledger, journals, budgets, and accounts payable (AP) and receivable (AR) processes.

Conduct all your domestic and international banking activities, including processing bank statements and payments by methods such as check, cash, and credit card, as well as internal and external reconciliation of various accounts.

Accelerate your month-end closing then easily create and share your financial reports, including profit and loss, cash flow, balance sheet, aging, and profit center reports via user dashboard, text and email messaging.

BATCHMASTER ERP ACCOUNTING AND FINANCIAL MANAGEMENT CAPABILITIES

Our extensive food, chemical, nutraceutical and pharmaceutical industry accounting and financial capabilities enable you to close with confidence, get more timely and accurate insight and drive more profitable decision-making with a complete set of tools for streamlined financial and back office operations

Financial Management

Speed up transactions and improve cash flow with connected financial operations.

Accounting

Automate accounting processes: journal entries, receivables, payables and more.

Banking and Reconciliation

Accelerate tedious banking processes and expedite payments with flexible options.

Controlling

Manage cash flow, control budgets and monitor job costs efficiently and accurately.

Financial Reporting and Analysis

Create standard or customized reports from real-time data to inform planning.

Fixed Asset Management

Track fixed assets without repetitive manual data entry using a virtual function.

BATCHMASTER ERP ACCOUNTING AND FINANCIAL MANAGEMENT FUNCTIONALITY

Journal Entries

System automatically posts journal entries, creates new entries and allocates each transaction to a project or profit center.

Chart of Accounts

Create and manage charts of accounts for any country using locally compliant templates. Easily adapted to fit your business needs.

Journal Vouchers

System automatically posts journal entries, creates new entries and allocates each transaction to a project or profit center.

Tax Engine

Patented system addresses complex tax requirements. Highly configurable with a user-friendly interface.

Posting Templates

Define general ledger account templates to save time and help avoid mistakes during the manual posting of journal entries.

Recurring Postings

Define postings for regular execution in accounting. Specify a frequency for recurring postings with reminder to post transactions.

Reversing Journals

Reverse month end accruals automatically. Specify a different reversing date for each posting, if desired.

Exchange Rate Differences

Periodically evaluate open items in foreign currencies to identify differences and choose the appropriate correction transaction.

Banking

Track all banking processes: cash receipts, deposits, advance payments, credit card payments and account reconciliation.

Budgets

Manage budgets against GL accounts in any currency. Summary report compares actual vs. planned figures with over-budget alerts.

Profit Center

Allocate corresponding revenue and cost accounts to a pre-designated profit center in the chart of accounts.

Profit Center Report

Run a profit-and-loss statement for any profit center and compare results with the previous period.

Distribution Rules

Define distribution rules to group business activities. Allocate revenue or cost accounts to corresponding distribution rule.

BATCHMASTER ERP VIDEOS

BatchMaster ERP Financials

This 9 min video gives you an overview of the essential accounting transactions used by our food, chemical, nutraceutical and pharmaceutical customers.

BatchMaster ERP Cost Management

This 5 min video gives you an insight to the cost of goods, as well the process to assign costs to specific departments.

BatchMaster ERP Fixed Assets

This 15 min video provides a demonstration of the fixed asset module in BatchMaster ERP.

BatchMaster ERP Project Management

This 4 min video provides an overview of how project codes are used to track activities, documents, transactions, and costs associated to a specific program.

‘BEST OF BREED’ ERP SOLUTION

As a SAP OEM / VAR partner, BatchMaster has embedded our leading formula-based, process manufacturing modules within the SAP Business One architecture, extended its database structure and enhanced its utilities. Users have one login, use one user interface, and access one database. BatchMaster sells, implements, and supports our process manufacturing ERP solution without any SAP or 3rd party consultants.

CONTACT US / REQUEST A DEMO

Let’s see if BatchMaster Software has the right software solution for your needs. Contact Us to share something about your operations and software needs with our consultants or Request A Demo of one of our software applications.