Financial 2000 software is a suite of financial applications that allows you to manage a company’s finances and business processes. Its security model allows you to control access to applications and information on a user basis. It is SACS compliant and also provides non-SACS users with the ability to customize it for their needs. The first application to be developed and deployed was the Purchasing system, which comes with an integrated Receiving module. Other applications are currently in the development phase, such as Fixed Assets and Stores.
Another feature of Financial 2000 is its ability to track capital assets and inventory assets. The software uses the Windows feature to produce a GASB 34/35 required Capital Asset Activity Report. The system also includes tools for creating and maintaining a budget. This application allows users to create, maintain, compare, and rollover a budget using different methods.
The Y2K issue prompted many companies to increase their purchase and implementation of client/server software. However, this sales bubble is now about to burst. It is estimated that in the next five years, 75 percent of U.S. companies will purchase new financial software. This saturation will eventually force vendors to merge and restructure their offerings.
The software also includes a feature called EduReports. It allows users to create reports that include detailed account information and more advanced searching options. Reports can be generated in summary and detail format, and users can filter and group data to produce custom reports. The software can generate reports using more than 100 different calculations, allowing users to create reports on specific transactions.
Financial software can make a huge difference in a company’s financial operations. Whether you’re starting a business or need to manage your personal finances, finance software can make it easier and faster. Financial software has an intuitive interface and eliminates the need for paper-based records. It can also boost productivity by providing a reliable record of your financial transactions.
Financial 2000 software offers a variety of modules and features. Some of them are: accounts receivable, fixed assets, and payroll. Accounts payable and account payable modules help track the costs of fixed assets and provide a flexible reporting package. The Fixed Assets module is a complete accounting system that handles all aspects of asset tracking, including cost and location. Finally, the Inventory module helps you manage receiving and inventory.
Financial 2000 software also offers a fund management feature. Using this feature, you can track which investments are producing returns and how much cash is available. It can also evaluate different leverage options and their effect on returns. It also helps create a central management system that helps you analyze funds. This is a feature that is highly beneficial for companies with a large number of assets.
While it may seem overwhelming to choose a software package for an accounting department, selecting the right one is crucial for the smooth functioning of your business. It’s also essential to make sure that you have a clear understanding of the needs of your organization. This will help you weed through the information about different packages and focus on the most appropriate solution for your needs.