These budget dimensions can also include iterations for currencies, budget revisions and forecasts. Once the chart of accounts is in place, budgets can be established at all different levels of your chart of accounts, including combinations of accounts. Budget Granularity Provides More Insights In the CODA financial model, budgets can follow a typical profit and loss format, mirror your operational structure, or provide deep product analysis – the only limit is your imagination. This allows each line of business to measure profitability and budget performance the way it needs to, yet provides a single reporting model or ledger – that is always in balance. For instance, the CODA chart of accounts can accommodate completely different account coding schemes within the same company. This begins with the ability to track actuals and budgets against an unlimited array of account coding schemes. Chart inflexibility limits the ability to budget at more detailed and operational levels.ĬODA Financials goes far beyond the traditional view of budgeting by allowing users to create a financial model of their business inside their finance system. Others are limited by the flexibility of the chart of accounts or rigid “code blocks” offered within the system. Most General Ledger systems can store relatively simplistic account-level budgets. Write-offs, reclassifications, reminders.Supports Blackberry or PDA data entry and inquiry.Budget overage warnings and email notification.Flexible work breakdown structure via CODA Financials model.Pass through reimbursable expenses to customers directly from A/P.Pay refund items and credit balances directly from A/R.Analyze and apply cash by location, product, salesperson, quantities, service etc.Specify interest charges on overdue accounts and items.
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Flexible payment and cash conservation options: Early payment discounts.Flexible supplier analysis by location, product, service, buyer etc.Company, dual, account(s), supplier and document currencies.
Coda 2 extracting update software#
The software is designed to control and, where possible, automate both task- and document -based activities into a self documenting workflow. UNIT4 Coda Financials also allows you to automate and integrate processes lying outside your core financial systems. It delivers all the multi-everything (country, company, currency, language, deployment) capabilities that you need, as well as the most flexible chart of account modeling structure on the market, providing infinite ways to classify, measure, and analyze your business. The software makes it easier to handle the day-to-day number crunching but also ensures that your fundamental business data is accurate, consistent and up to date, because it is held within one financial model & eliminating time lags, subledgers, reconciling and unnecessary integration.Īnd the more demanding or complex your requirements, UNIT4 Coda Financials rises to the challenge. UNIT4 Coda Financials has led the field since 1979, when it created the original single ledger accounting system.
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