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MWL Technology

Acumatica

Acumatica ERP offers small to medium-sized businesses a versatile and powerful solution.  It combines scalability, adaptability, and comprehensive functionality with real-time access to financials, reporting, CRM and more.  Our comprehensive business management system was created especially to support small and mid-sized companies in their success in the emerging digital economy.​

Allocate overhead and shared expenses to individual projects, including billable or non-billable items.

EXPENSE ALLOCATION

Define billing rules to recognize revenue using the percentage of completion or the completed tasks method. All recognition rules are automatically reflected in the GL journal entries.

REVENUE RECOGNITION

Assign project managers, employees, machines, and other resources to individual projects and tasks.

RESOURCE MANAGEMENT

Include inventory items, nonstock items, labor, services, and more in project budgets. Compare actual project costs with original and revised budgets by period with real-time reports.

BUDGET TRACKING

The Power Behind Acumatica

  • Advanced Financial Reporting: Design financial statements using sub-account segment structure and configured hierarchy.

  • Budgeting & Approval: Maintain an unlimited number of budget scenarios, such as optimistic, pessimistic, or expected. Grant access rights for team members to provide input without viewing salaries or information from other subsidiaries.

General Ledger

  • Attach Source Docs to Invoices: When you receive source documents via email or scanning, they’re attached to the invoice for easy drill-down access. 

  • Prepaid Expense : Assign a deferred expense schedule by AP line item. Automatically split payments between the prepaid account and expense accounts.

  • Invoice Approval and Payment: Set up the process to automatically approve payments or follow an approval process to prioritize or delay payment before these documents are processed in the accounting systems and paid. 

Accounts Payable

  • Recurring Billing: Create contract templates to apply and manage recurring monthly fees, setup fees, renewal fees, consumption-based fees, overage charges, and minimum charge amounts. 

  • Statements & Invoices: Improve control of the creation and delivery of customer invoices and statements. Format statements for printing, HTML, or PDF delivery. 

  • Credit Card Payments: Accept PCI-compliant credit card payments with the flexibility to handle manual charges, transaction voids, and refunds.

Accounts Receivable

  • Centralize cash management, vendor payments, and customer invoicing while maintaining income and expense attribution to the initiating company.

  • Build reports to summarize data across companies while eliminating related company transactions. This intercompany reconciliation greatly reduces the chance of inaccuracies in the company’s financial statements.

  • automate financial reporting, inventory transfers, vendor, payments, cash management, and inter-company transfers across multiple related companies. 

Multi-Entity & Intercompany

Financial Management Tools

Managing the assets, revenue, and expenses of your company may be made easier with Acumatica's financial management software thanks to its customizable procedures, mobile accessibility, and top-notch accounting programs all housed on a single, scalable platform. Let Acumatica be the foundation for all of your financial decisions so that you can perform at your best.

  • Support sales, use, withholding, VAT, and reverse VAT taxes. Specify multiple rates with different start and end date, and minimum and maximum tax amounts. Calculate on each line item or the entire document amount.

  • Specify the frequency of tax reporting and generate tax reports. Automatically generate a bill in accounts payable with appropriate ledger postings.

Tax Management

  • Apply billing and revenue recognition schedules by month, quarter, or yearly as well as customized time-periods, even mixed on the same contract.

  • Automate recurring billing, payments, and collections to significantly improve business performance.

  • Appeal to a broader customer base with pricing and subscription plans that align to a variety of business requirements.

Recurring Revenue Mgmt

  • Automatically collect all cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable into your cash management system for clearing and reconciliation.

  • Transfer funds between bank accounts and track funds that are in-transit. Transfer between accounts in different currencies, and automatically calculate realized currency gains or losses.

Cash Management

  • Automatically calculate deferred revenue according to established schedules. Deferred revenue is automatically posted and recognized in financial statements.

  • Recognize revenue evenly across financial periods, prorate by number of days, or recognize revenue when payments are received. Comply with all recognition requirements – even in situations where revenue collection is uncertain.

Deferred Revenue

Real-time insights

Acumatica was born in the cloud, built to meet the ever-evolving needs of mid-market companies and their customers.  Acumatica's Cloud ERP application package lets you manage your business effectively, keep track of client interactions, and get proactive business insights from anywhere at any time on any device.

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