Financial Accounting

Top-level pillar

Financial Accounting

General ledger, accounts payable, accounts receivable, asset management, and cash management.

Transaction Entry → General Ledger Posting → Trial Balance → Financial Reporting → Auditing

Accounts Payable

Payments

Financial Accounting

Accounts Payable

Invoice Receipt → 3-Way Match → Payment Approval → Payment Disbursement

Financial Accounting

Accounts Receivable

Billing Creation → Payment Tracking → Collections Management → Revenue Recognition

Accounts Payable

3-Way Matching

Accounts Payable

AP Automation

Financial Accounting

General Ledger

Central repository for accounting data.

Transactions Entry → Posting → Trial Balance → Financial Reporting

Financial Accounting

Cash Management

Managing cash flow and liquidity.

Cash Forecasting → Daily Cash Update → Cash Positioning → Funds Transfer

Cash Management

Bank Reconciliation

Financial Accounting

Asset Management

Asset Acquisition → Depreciation Calculation → Asset Maintenance → Asset Disposal

Financial Accounting

Order to Cash

Executing the order, invoicing it, and collecting the cash.

Order to Fulfil → Fulfil to Invoice → Invoice to Cash

Order to Cash

Order to Fulfil

Order entry through to goods or services delivered.

Order Entry → Availability Check → Inventory Allocation → Picking and Packing → Shipping and Delivery

Order to Cash

Fulfil to Invoice

Turning a completed delivery into a billing document and recorded revenue.

Delivery Confirmation → Billing Document Creation → Invoice Generation → Revenue Recording

Order to Cash

Invoice to Cash

Getting the invoice to the customer and the money into the bank.

Invoice Transmission → Payment Tracking → Receipt Application → Collections → Receivables Clearing