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Financials

QAD Financial solutions help large and small manufacturing companies around the world increase financial controls in complex business environments and comply more easily with regulatory and industry mandates. Approved by top international accounting firms, QAD Financials offers powerful tools for tracking multiple companies and multiple currencies.

Multi-national, Multi-site Capabilities

Designed for maximum flexibility anywhere in the world, QAD Enterprise Applications have the power to manage multiple currencies. Select the production models, plant locations and financial reporting that best suit your business. With multi-currency support throughout the entire application, accounting transactions can be recorded in any currency and reported either in the transaction currency or translated at the prevailing exchange rate to the operation's functional (base) currency. Different operations in the same physical database can operate in different functional currencies. Different users of the same database may use any of the supported languages as their chosen interface language.
In a dynamic, unpredictable regulatory environment, QAD Enterprise Applications provide security and control functionality to meet strict security procedures-those required by internal corporate policies as well as those mandated by government bodies-such as the requirements of the U.S. Securities and Exchange Commission (SEC) and International Financial Reporting Standards (IFRS) as well as the U.S. Food and Drug Administration 21 CFR Part 11.

QAD Financials includes:

• General Ledger
• Accounts Receivable
• Accounts Payable
• Cash Management
• Cost Management
• Multiple Currency
• Advanced Features 

QAD provides additional financial solutions that fully integrate with QAD Enterprise Applications to increase security and handle the needs of growing global enterprises.

• QAD Fixed Assets
• QAD Enhanced Controls
• QAD Sales and Use Tax
• QAD GS1 Integration
• Arbour Enterprise Validation

QAD Financials: General Ledger

General Ledger tracks financial transactions, monitors account balances, and produces financial statements and comparisons.
General Ledger features an open chart of accounts structure to simplify reporting and transaction flow.
General Ledger can report in the transaction currency or in the ledger currency and supports all Foreign Exchange reporting including Profit and Loss.
General Ledger supports multiple entities (all of which may exist with different base currencies), as well as providing tools to support consolidations and eliminations.
The GL daybooks functionality allows control of different posting periods while the flexible calendar supports rapid closing allowing posting to be controlled by entity by date.

QAD Financials: Multiple Currency

Multiple Currency provides a full set of functions that supports monetary amounts expressed in either the system base currency or in a non-base (foreign) currency. Foreign currencies can be used with purchase orders, sales quotations, sales orders, price lists, accounts receivable, accounts payable, and customer services.

QAD Financials: Accounts Receivable

Accounts Receivable supports debit/credit memos, processes payments, calculates finance charges, keeps track of customer balances, issues drafts and sends dunning letters regarding overdue accounts.

QAD Financials: Accounts Payable

Accounts Payable manages supplier accounts, monitors outstanding payables and processes payments to suppliers. Supplier invoices can be automatically  matched against purchase-order receipt (three-way match).

QAD Financials: Cash Management

Cash Management allows sophisticated cash-flow reporting based on receivables, payables and cash positions. Cash Management supports multi-currency and automated bank reconciliation for most major bank formats.

QAD Financials: Cost Management

Cost Management supports the creation and maintenance of different GL and current cost sets across sites and the use of different costing methods; establishes cost-planning sets at specified dates to recognize expected material or other cost changes.

QAD Financials: Advanced Features

Self Billing

Accounts Receivable, Self Billing, processes customer-initiated payments by recording the associated documents and applying payment credit to accounts receivable based on the line-item shipper details.

Retro Billing

Accounts Receivable, Retro Billing, allows a customer to be invoiced for price changes on items that have already been shipped and invoiced at a different price.

Evaluated Receipts Settlement

Accounts Payable, Evaluated Receipts Settlement,(ERS) records liabilities automatically to suppliers based on quantities received at the unit price negotiated with the supplier in a purchase agreement.

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