Accounting
Transform Numbers into Narratives
In the labyrinth of numbers, finding the true narrative of your financial story can be daunting. Let Argos guide you through.
Argos’ Accounting Suite is not just a set of tools; it’s your financial compass. Navigate through the complex financial landscapes with modules tailored for real-world challenges. From managing inter-company transactions to preventing check fraud, transform raw numbers into meaningful insights.
Integrated Financial Management
Tame the chaos of financial data, ensuring a consistent, accurate, and real-time financial narrative.
Cost Accounting
Delve into the financial DNA of each project, optimizing profitability and performance.
Inter-Company Transactions
Unify your financial narrative across different business entities, eliminating discrepancies and ensuring financial transparency.
Customizable Reporting
Craft your financial story with over 1,200 standard and customizable reports, tailored to your unique business needs.
Automated Processes
Shift your focus from manual number-crunching to strategic decision-making, automating routine financial tasks.
Audit Trails
Trace every financial storyline with a clear audit trail, ensuring compliance and financial integrity.
Integrated Financial Management
At the heart of our accounting solutions lies the promise of seamless financial management. With modules like General Ledger, Accounts Receivable, and Accounts Payable, businesses can ensure consistent, accurate, and real-time financial reporting. This integration means that every financial transaction, whether it’s an invoice, a payment, or an expense, is captured and reflected in the system, providing a 360-degree view of a company’s financial health.
Cost Accounting
Understanding the cost structure is crucial for any business. The Cost Accounting module offers an activity-based costing system, allowing businesses to gain insights into the profitability and performance of each job and its components. Whether it’s evaluating the cost-effectiveness of a manufacturing process, analyzing the profitability of a service, or simply allocating overheads, this module provides detailed, real-time data. By understanding costs at a granular level, businesses can make informed decisions, optimize processes, and enhance profitability.
Inter-Company Transactions
For conglomerates or businesses with multiple subsidiaries, managing inter-company transactions can be a challenge. The Inter Company module is designed to facilitate seamless transfers between different business entities. Whether it’s allocating expenses, sharing revenues, or simply transferring funds, this module ensures that every transaction is accurately recorded, eliminating discrepancies and ensuring financial transparency across the board.
User Access Control
In the digital age, data security is paramount. Argos Software’s user access control feature ensures that asset data is always secure. By allowing businesses to define user roles and permissions, this feature ensures that only authorized personnel can access and modify asset data. This not only safeguards sensitive information but also ensures accountability. Whether it’s preventing unauthorized access or tracking changes to asset records, this feature provides businesses with the tools they need to ensure data integrity and security.
Fraud Prevention with Positive Pay
In an era where financial fraud is rampant, businesses need tools to protect themselves. The Positive Pay module offers an automated method for secure bank reconciliations. By providing the bank with an electronic list of checks, businesses can ensure that only the checks on the list are cleared. Any discrepancies are flagged by the bank, alerting businesses to potential fraud. This proactive approach not only prevents financial losses but also enhances a company’s reputation for financial integrity.
Fund Accounting
Diversified businesses often have multiple revenue streams and expense categories. The Fund Accounting module provides an alternative dimension to financial accounting. It allows businesses to track funds by their source and usage, ensuring transparency in financial reporting. Whether it’s tracking funds allocated for a specific project, monitoring departmental expenses, or simply categorizing revenues, this module offers a comprehensive view of a company’s financial landscape.
Customizable Reporting
Every business is unique, and so are its reporting needs. The Accounting suite offers over 1,200 standard and customizable reports. Whether it’s a detailed financial statement, a departmental expense report, or a year-end summary, businesses can generate reports tailored to their specific needs. With options for real-time data, historical comparisons, and future projections, these reports provide a comprehensive view of a company’s financial health.
Automated Processes
Efficiency is the key to profitability. Our Accounting solutions offer features like task agent automation, designed to reduce manual intervention and streamline operations. Whether it’s automating invoice generation, scheduling payments, or simply sending out reminders, this feature ensures that routine tasks are handled efficiently, freeing up resources for more strategic initiatives.
Audit Trails
In the world of finance, transparency and accountability are paramount. The audit trails in the accounting suite ensures that every financial transaction, change, or update is tracked and recorded. By associating each action with User IDs, businesses can easily trace back any discrepancies, errors, or suspicious activities. This not only enhances financial integrity but also ensures compliance with regulatory standards.
Detailed Budgeting
Financial planning is crucial for any business. Our accounting solutions offer detailed budgeting capabilities, allowing businesses to plan for the future. Whether it’s allocating funds for a new project, planning capital expenditures, or simply setting revenue targets, this ensures that businesses have a clear roadmap for the future. By comparing actual performance against budgeted figures, businesses can make informed decisions, optimize resources, and ensure financial sustainability.
Automated Communication
In today’s fast-paced business environment, timely communication is key. Automated communication streamlines the dissemination of crucial financial data, whether it’s emailing monthly statements or invoices, or printing year-end reports. By automating these routine tasks, businesses can ensure timely, accurate, and consistent communication with stakeholders.
Trial Balance Capabilities
A trial balance is a cornerstone of financial accounting, ensuring that the debits and credits are in balance. The trial balance capabilities offers a detailed view with drill-down options, allowing businesses to scrutinize details for one or all Fiscal Periods in a Fiscal Year. This ensures that the financial statements are accurate, reliable, and ready for external auditing.
Standard Financial Reports
Financial statements provide a snapshot of a company’s financial health. The standard financial reports offers a variety of reports, including the Balance Sheet, Income Statement, and Cash Flow Statement. These reports are generated based on account and department information, ensuring a comprehensive, accurate, and consistent view of the company’s financial position.
Identity Module
Managing contact records, payment terms, sales taxes, and other financial data can be cumbersome. The Identity Module serves as a centralized repository, maintaining a “single point of truth” for all such records. This ensures that data is consistent, up-to-date, and easily accessible, streamlining financial operations and enhancing efficiency.
Automated Bank Reconciliation
Reconciling bank statements can be a tedious and error-prone task. The automated bank reconciliation in the Positive Pay module streamlines this process, ensuring that the company’s books match the bank statements. Any discrepancies are flagged, allowing for timely resolution and ensuring accurate financial records.
Seamless Integration
The power of the Accounting suite lies in its integration with all ABECAS Insight modules. Whether it’s managing inventory, tracking shipments, or handling HR processes, the suite accumulates details from both internal and external sources. This ensures a holistic view of the company’s operations, enhancing decision-making and strategic planning.
Foreign Exchange Tracking
In today’s globalized world, businesses often deal with multiple currencies. The FX – Foreign Exchange module is designed to help businesses navigate the complexities of international transactions. It mitigates risks associated with currency fluctuations, ensuring that businesses can make informed decisions. Whether it’s invoicing a client in Euros, paying a vendor in Yen, or converting profits back to Dollars, the FX module provides real-time conversion rates, ensuring accuracy in every transaction.
