Your business finances need to be accurate and concise to deal with various business opportunities, such as:

• Building customer relationships
• Keeping auditors satisfied
• Re-organizing your business
• Managing your staff
• Managing your suppliers
• Managing changes due to mergers or acquisitions

MasterWorks is a fully integrated distribution system that enables you to take control of your financial concerns through quick and reliable automation.

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

• Capture and retrieve valuable supplier reference information
• Record and process invoices for payment
• Work-flow driven payment processing
• Obtain cash requirement reports and determine payments that are due
• Record, print and reconcile cheques
• Distribute costs and expenses to the General Ledger and other systems
• Evaluate and forecast cash requirements

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

• Perform extensive A/R inquiries on specific customers
• Analyze and make effective decisions on customer credit status, frequency of delayed payments, applicable discount rates and other special offers
• Define collections criteria using a number of variables
• Create credit and debit memos
• Perform periodic purges
• Provide A/R statements for customers
• Create a variety of reports such as Trial Reports by customer code or by sales class
• Process various currencies
• Extensive report analysis, including percentages and averages

General Ledger

• No forced month-end or year-end closing
• User-defined financial statements
• Complete and detailed audit trails
• Sub-ledger system
• Ability to download to Lotus123

Payroll
Are staff the major overhead within your business?
Do labour regulations and staff demands keep you on your tip toes?

MasterWorks enables you to make positive decisions to motivate your staff and ensure that they are working efficiently to meet daily operational requirements:

• Comply with government and other employee regulatory boards
• Automatically deal with mass change issues
• Respond quickly in answering employee inquiries
• 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