Finance Management and Accounting

We’ve built our business on personal recommendations from accountants and management consultants. So it’s not surprising that so many of them now use our software to help them control their finances effectively.

Concept's Finance Management software is intuitive and very easy to use which is why more than 150 agencies rely on it to underpin their finance business. Tightly integrated with the Concept's Job Costing and Media systems and Microsoft Office, it offers a powerful and flexible reporting tool. It is based on Microsoft SQL Server Database which means it is simple to interrogate, report on and present financial data.

But despite being a powerful system that can handle many different users, companies and currencies, Concept Financial Management software is very easy to use. It works beautifully with Concept’s Costing and Media systems and Microsoft Office to give you a powerful and flexible reporting tool. And because it’s so compatible with Crystal Reports and Cognos PowerPlay, it couldn’t be easier to interrogate, report on and present financial data.

Key features include:

Sales Ledger

• Flexible client/prospect database with text windows
• Client billing/draft billing, credit notes, journals, cash
• Credit control text windows
• Optional multi-currency features with exchange gain/loss audit
• Automatic journal numbering, batch totalling and forced audit trail
• Full integration with client invoicing, job costing, nominal ledger, cash book and bank reconciliation
• Detailed or summary aged debtors with due date calculations
• Settlement discounts and bank charges handled
• Easy on-screen cash allocation
• Posting to current and future periods
• Detailed or summary VAT analysis
• Unlimited retention of historic information
• Unlimited breakdown for nominal ledger turnover analysis
• Flexible invoice analysis file for sales analysis
• Full credit limit monitoring
• Dynamic links to Microsoft Office
• Drill to source documents

Purchase Ledger

• Flexible supplier/freelance database with text windows
• Handles supplier and media invoices, credit and debit notes, payments and journals
• Automatic journal numbering, batch totalling and forced audit trails
• Electronic invoice register
• Authorisation module enabling progress of documents to be monitored
• Allows up to 99 supplier classifications, each with different payment terms
• Enables payment by cheque, cash or BACS
• Full archiving facilities allow unlimited online access to historical information
• Automatic payment routines based upon supplier type and terms
• Full multi-currency options
• Detailed or summary aged creditors report
• Posting to past, current or future periods
• Full integration with job costing, nominal ledger and bank reconciliation
• Dynamic links to Microsoft Office
• Drill into purchase orders

Nominal Ledger

• Flexible free form chart of account structure
• Up to four separate charts of account structures, each drilling down to five levels
• Choice of account access by windows, code or description
• Automatic journal numbering and auditing
• Only allows balanced postings either manually or automatically
• Caters for automatic recurring journals and reversals, provisions and accruals
• Current, prior and future period posting
• Maintains total history with full budgeting and comparative reporting
• Interactive enquiry on current or historical data
• Flexible budgeting and forecasting
• Full text windows allows for unlimited text accompanying postings for auditing and management information
• Optional multi-currency bank accounts
• Optional multi-company operation with internal or external consolidation

Fixed Assets

• Multi-company operation
• Depreciation charge by asset, asset group, location or nominal ledger code
• Depreciation charges calculated monthly, quarterly, half-yearly or annually
• Reducing balance, straight line or asset usage depreciation options
• Provision for local authority or government grants
• Full transactional history provided
• Flexible, comprehensive reporting

Cash Book/Bank Reconciliation

• Allows automatic reconciliation of bank statements

To find out more about Concept complete our enquiry form.