A complete set of finical tools integrated into your distribution software system - no double entry, with flow though data from accounts, to inventory to customer accounts.

Accounts Payable

MasterWorks ensures that you take an active approach in managing your cash:

• Work-flow driven payment processing
• Obtain cash requirement reports and determine payments that are due
• Record, print and reconcile recurring payments, manual payments and electronic cheques and cash transfers
• Evaluate and forecast cash requirements with forecasting, budgeting and comparisons

Accounts Receivable

MasterWorks helps you to track your incoming cash flows and the relationship between you and your existing customers:

• Perform extensive AR inquiries on specific customers
• Analyze and make effective decisions on customer credit status, Days-to-pay forecasts, frequency of delayed payments, applicable discount rates and other special offers
• Define collections criteria using a number of variables
• Provide A/R statements for customers on paper or PDF electronic documents by email
• Create a variety of reports such as Trial Balances by customer code or by sales class
• Multiple currency processing

General Ledger

• No forced month-end or year-end closing
• User-defined financial statements and designs
• Complete and detailed audit trails
• Detailed Sub-ledger systems with roll-ups
• Drill down transaction details

Payroll

Are staff the major overhead within your business? MasterWorks enables you to make positive decisions to motivate your staff and ensure that they are working efficiently to meet daily operational requirements:

• Electronic Deposit System
• Comply with union, government and other employee regulatory boards
• Automatically deal with mass change issues by date and employee group
• Print various government forms, cheques and other reports

Fixed Assets

Locating and understanding what your business owns in terms of physical assets is complex due to assets moving around your enterprise. Therefore making it difficult to quote the total costs of ownership. MasterWorks simplifies this tracking and accounting for you:

• Create advanced reports illustrating detailed information about your assets
• Multiple depreciation methods
• General Ledger integration
• Develop insurance summary reports