Finance Manager

 
Finance Manager
Sell-It Reservator
FINANCE MANAGER

Finance Manager provides a complete integrated solution for the financial management and control of your travel operation. This includes multi currency sales and purchase ledgers, a general (nominal) ledger, bank account management including cheque, cash and credit card batching for bank reconciliation.

Purchase ledgers are automatically populated with your costs as bookings are made, facilitating subsequent cost authorisation and accurate supplier invoice reconciliation.

Accounts receivable
Finance Manager
Accounts Receivable

The Front/Mid Office applications provide the necessary facilities to allow call-centre agents to deal with customer balance and payment enquiries, and partial or full balance payments, either via cheque or credit card.

The Finance application provides facilities to view account payment histories, outstanding balances, ageing reports and to produce customer/agency statements in a variety of formats e.g. html, pdf, postscript.

Supplier Reconciliation and payments
Finance Manager
Supplier Reconciliation/Payments

When a booking is made accrual entries are automatically created for the associated supplier payments. Supplier invoices may be entered into the Accounts Payable (AP) and then reconciled against the accruals. FM includes automation facilities for cost adjustment or flagging costs as disrupted and marking an invoice as authorise or disputed.

AP ageing reports may also be produced by supplier and/or date. The accounts payable functionality also includes the ability to automatically print cheques or payment slips when supplier payments are made and to generate and email supplier remittance advises.

VAT and TOMS
Finance Manager
VAT and TOMS

In Finance Manager you can set up tax codes containing information about the type of tax, the tax rate and the type of calculations that the tax code should be used for. Products loaded into Inventory Manager are associated with a tax code. When a purchase is made, the correct tax codes are determined and are recorded against the purchase.

The Finance Manager support the Tour Operator Margin Scheme (TOMS) enabling you to run a VAT TOMS report which calculates the VAT payable based on the margin made on each booking, in accordance with UK HMRC VAT TOMS regulations.

Statements and Reports
Finance Manager
Statements and Reports

Finance Manager provides facilities to view account payment histories, outstanding balances, ageing reports and to produce customer/agency statements in a variety of formats e.g. html, pdf, postscript.

The FM includes a range of financial reports including Customer Invoices Due, Debtor Transaction Listings, Sales Invoices, Disputed Purchases and Prepayments to Suppliers

Management Accounts
Finance Manager
Management Accounts

The Finance application provides full General Ledger, Trial Balance, Profit & Loss and Balance Sheet reports. The system tags all financial transactions with multiple account entry dimensions (customer, supplier, destination, country, product type etc), allowing you to produce transaction exports and reports that can be tailored to the nominal account structures you desire. This approach is much more flexible than having a fixed and unchangeable nominal account structure.

Refunds, Credit Notes and Write Offs
Finance Manager
Refunds, Credit Notes and Write Offs

The Finance Manager handles both supplier and customer refunds and credit notes with appropriate approval and authorisation facilities.

Outstanding unpaid balances for customer and supplier transactions may be written off to configurable GL nominal accounts, and write back functionality is also available. This functionality, like everything in the FM, may be controlled via security permissions at the user level.

Agency Management
Finance Manager
Agency Management

FM provides the ability to set up and manage travel agency relationships. Facilities include the creation and management of both agency groups and travel agencies, maintenance of agency contact and preference contact details, management of agency credit limits and commission profiles, management of agency payments, association of agency groups with distribution channels, viewing for all current agency bookings, viewing full booking history

Agency Commissions and Payments
Finance Manager
Agency Commissions and Payments

Agency commissions may be calculated within the Finance application and posted to individual agency accounts for subsequent payment.

It also automates the bulk processes of creating agent invoices and making agent commission payments. A fully configurable security infrastructure also ensures proper financial control procedures can be enforced.

Take a look at the core modules in Finance Manager by clicking on any of the icons below – Contact Us Now