Financial Accounting Automated

ITISeasy - Financial Accounting Automated

What is the advantage of an integrated financial accounting?

In ITISeasy.business, processes are built logically on top of each other to simplify employees' daily work and automate manual, repetitive tasks as much as possible. This goes to the extent that employees do not need to be involved in processes of other departments, yet they are already preparing the groundwork for subsequent processes in their daily work. All automatically in the background.

Master data and quotation creation
Revenue and expense accounts automatically

Master Data and Quotation Creation

The sales process begins in the system with quotation creation. However, a salesperson should not have to worry about whether the financial accounting might need information. Therefore, ITISeasy.business is already actively working in the background.

By easily creating a quotation with products or services, the foundation for the subsequent order and even invoicing is already laid.

Inventurbewertung

Aktuelle Bestände, bzw. der Warenwert an Ihrem Lager spielt natürlich auch eine wesentliche Rolle beim Jahresabschluss und muss zum Stichtag ermittelt werden.

IT IS easy business unterstützt Sie hierbei schon mit der laufenden Inventurbewertung, bzw. der generellen Bestandsführung, die jede Bewegung der Warenflüsse dokumentiert und Ihren Bestand damit auf dem Laufenden hält. Für die Bewertung stehen diverse Optionen im System zur Verfügung. Auch komplett automatisiert. Die Inventur kann selbstverständlich systemgestützt vorgenommen werden.

Revenue and Expense Accounts Automatically

In the master data of products, the desired revenue and expense accounts can already be stored. This can be done directly at the product level or, as in this example, across the product category.

An allocation of revenue and expense accounts depending on the respective business context, such as domestic, EU, or international, is also possible through the mapping of tax assignment.

In addition to the relevant accounts, it can be directly defined how, for example, inventory valuation for the product should be handled, and this can also be generated automatically.

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Invoice Creation from Order

With ITISeasy.business, just like in the standard Odoo system, the invoice can be generated directly from the quotation and order entered by the seller. The system accesses the expense and revenue accounts from the configuration.

Invoice creation, therefore, occurs correctly without manual intervention, and the entries are posted to the designated accounts. Naturally, ITISeasy.business can also handle debtor or creditor accounts and, if needed, export your entries for use in DATEV.

Inventory Changes and Stock Valuation

Deliveries associated with the order, or generally inventory movements in the warehouse, can also be automated through ITISeasy.business.

This means that goods receipts, transfers, and shipments, in other words, all inventory changes, are automatically recorded in the warehouse journal, enabling real-time analysis.

Various options for valuation methods for material values are available, such as average purchase costs, First-in First-out (FiFo), or a standard cost rate.

Keeping your Business Numbers in View

Whether it's revenues or costs, all relevant business transactions and associated entries are represented in the system, fully automated in the background. That's integrated financial accounting. As a result, all key performance indicators (KPIs) are available to you in real-time, and, for example, your profit and loss statement (GuV) is always up to date.

Your Individual Chart of Accounts

All accounts are part of the chart of accounts. In the (extended) chart of accounts, the booked amounts triggered by the invoice are directly recorded. This is particularly clear and equipped with a quick search function for account numbers in ITISeasy.business.

Additionally, you always see the current balance for each account. The chart of accounts is easy to expand, allowing your company to be accurately represented.