ERP5Accounting is a complete accounting and finance solution designed and
certified by chartered accountants. Thanks to its flexible architecture,
it is suitable for any size multinational organizations, small or
large, in both private or public sector.
ERP5 Finance, as any ERP5 solution, is workflow based and workflow
driven. ERP5 Finance provides a clear separation between various roles
involved in the accounting business process such as accounting managers,
purchase accountants, sales accountants, cash accountants, accounting
clerks, etc. ERP5 Finance's flexible workflows can be extended to fit
any specific organization: single workflows for small companies,
multiple workflows in larger organizations, extended workflows for
public accounting, and more.
ERP5 Finance is designed to supports multiple currencies. Every
accounting transaction can be entered both using the original currency
(ex. the currency in the invoice) and the standard fiscal currency.
ERP5's multi currency support allows for accurate tracking of customer
or supplier balances while guaranteeing precise book keeping.
A single ERP5 Finance system can be used by multiple entities or
companies for their accounting. Advanced security rights prevent one
entity from accessing another entity's transactions if necessary.
Moreover, thanks to intragroup transactions,
accounting transactions such as invoices or asset transfers which
relate to two entities of the same corporate group do not need to be
entered twice, thus providing higher productivity in large
ERP5 Finance supports multiple general accounting plans (GAP) at the same time thanks to economic accounts. Because of the used account indirection
all entities in a corporation may share the same internal accounting
plan, yet generate balance sheets conforming to local legislation. ERP5
Finance greatly simplifies consistent reporting and the implementation
of IAS/IFRS for financial analysts.
ERP5 Finance supports most, if not all, advanced accounting
approaches like multi-key analytical accounting, multidimensional budget
accounting, activity based accounting, project accounting, provisional
accounting, etc. ERP5's built-in OLAP based accounting model allows for
real time online accounting reports which can combine any number of
ERP5's Asset Management add-on provides an automated and high
productivity solution to manage corporate assets in a multi-entity
group. ERP5 Asset Management can automatically generate amortization
events based on asset life cycle events such as asset transfers from one
entity to another entity of the same group.
ERP5 Finance is based on ERP5's proven simulation engine. The ERP5
simulation engine allows for planning future cash transactions based on
current order / invoice portfolios or manually entering provisional
transactions which are expected in the future.
See following How-To in order to understand how to install an ERP5 application.