FINANCE

Fully integrated solutions to meet the financial obligations of your business.

A complete set of financial modules including payroll provide the platform to address the processing and reporting requirements of your business.

Ensuring you have a complete solution in one system without troublesome interfaces and third party integrations.

With up-to-date industry specific capabilities such as Taxable Payments Reporting, Extra to Schedule and Supplier Back Charges along with legislative obligations such as Business Activity Statements and Single Touch Payroll you can be confident in the decision to choose BusinessCraft.

Finance

GENERAL LEDGER

Centralise financial transactions from other BusinessCraft modules.

Allow for efficient posting into defined financial periods.

  • Features a customisable Chart of Accounts, enabling businesses to structure accounts into segments as needed.

  • Record budgets for accurate financial reporting.

  • Financial transactions are imported into the General Ledger as needed, ensuring up-to-date financial data.

  • Support for operating centre level Profit and Loss and Balance Sheet reporting within one dataset.

  • General, Standing and Reversing Journals

  • General Ledger Console providing easy access to Chart of Accounts, Movements, History and Trial Balance in one tabbed screen

ACCOUNTS PAYABLE

Making vendor management easier and more efficient.

BusinessCraft’s Accounts Payable Module provides important features to support your business requirements including:

  • Comprehensive vendor master catering for suppliers and subcontractors, ABN Checking, recording insurance details and expiry dates, ABN Withholding, Bank Details

  • Taxable Payments Reporting

  • Integrated with BC Online Supplier Application Onboarding

  • Automated Payment selection for quick and easier payment process with emailing of remittances including bank account details.

  • Extra to Schedule and Supplier Back Charges

  • Full integration to Business Activity Module for production of Business Activity Statement (cash or accrual basis)

ACCOUNTS RECEIVABLE

Accounts receivable and invoicing modules integrated seamlessly with other BusinessCraft modules featuring.

  • Extensive Customer and Contact details

  • Comprehensive invoicing solution to handle standard invoices, progress claims and retentions whether generated automatically or entered manually. Customer defined invoice layouts supported.

  • Ageing Reports and Enquiries with full details of Open Items, History, Financial Transactions and Disputed Amounts.

  • Cash Receipting process supporting match to invoices or leaving as open receipt for subsequent matching and splitting as needed.

  • Full integration to Business Activity Module for production of Business Activity Statement (cash or accrual basis)

BANKING

Keep tight control of cash.

BusinessCraft’s Cashbook works in the background keeping track of payments and receipts as they occur in other modules.

  • Banking Console enables modern easy to use screens to quickly and efficiently reconcile bank accounts. Option to use .QIF imports.

  • Bank Feeds (available 4th Quarter 2024) enable bank transactions to be automatically populated in Banking Console to enable even faster bank reconciliations.

PAYROLL

Process payroll efficiently and accurately.

Full support for STP2 and Superstream.

  • A comprehensive solution that handles month and year-end processing, leave provision accruals, comprehensive superannuation processing, termination payments, and STP2 submissions.

  • Supports awards and shift management, payroll rules, allowances and deductions, and tracks all payroll components month-to-date and year-to-date.

  • Manage warnings, absences, probation, and extra information

  • Offers a wide range of enquiries and reports, including PAYG and payroll tax

  • Supports EFT payments, ABA files, and allows pay slips to be printed or emailed, along with maintaining a document register.

ASSETS

Take control of your assets.

The Assets Module provides fully integrated asset management capability. Key features include:

  • Extensive Asset Master to record full details of assets

  • Acquisitions, Disposals, Transfers, Revaluations

  • Book and Tax Depreciation using Straight Line, Diminishing or Instant Asset Write off methods

  • Asset Allocation to keep track of where assets are

  • Repair History and Asset Availability

Contact us today to simplify your business solutions for success.

Please contact us if you have questions about our solutions and services. We are happy to discuss your needs and provide help.