Financials - JD Edwards World

General Accounting

Synthasys will partner with you to complete the implementation, training, assessment or continued support of your JD Edwards World Software applications according to your timeframe and budget.  We have Application and Technical Resources that are experts in their disciplines with "hands-on" expertise.  

General Accounting is the core of your financials. It should reflect your company's operations and make reporting critical financial information easy and efficient. A well designed and implemented General Accounting module can make your job a pleasure. Unfortunately the opposite can be a nightmare. Synthasys consultants have a broad range of experience across a variety of industries. We can help you implement your General Accounting module (or re-implement an existing inefficient module). We will pay extra attention to the critical processes such as:

The most efficient Chart of Accounts structure for reporting. We'll help you identify the best structure for your current requirements and also build in flexibility for the future.

Help you organize your period end processing to optimize your hectic close schedule so you meet and beat your deadlines. We know that a well-implemented General Accounting system should make consolidation a breeze. Helping you mange the consolidation process will pay off for years to come

Accounts Payable

Accounts Payable is a critical part of every company's operations. It's vital that your company have an efficient and effective Accounts Payable function for the following reasons:

Along with Payroll it is the major cash disbursement system for your company. A poorly implemented AP system will cost your company real dollars.

Your AP system is one of your strongest ties to your suppliers and vendors. Inaccurate, missing or late payments to your vendors undermines their confidence in your company.

A significant amount of expense information (Units, Construction In Process, etc.) must be accurately collected during invoice entry. We can help you streamline the input process while gathering as much information during invoice entry as possible.

Synthasys can help you develop and implement efficient Accounts Payable policies and procedures.

We will review and advise on the following key components:

• Setting up vendors efficiently
• Implementing accurate vendor payment terms to make payments on time and to take advantage of vendor discounts
• Help establish Cash Requirements policies and procedures
• Assist with work-flow options for more efficient processing
• Sort out the various tax issues for invoices
• Handle multi-currency processing

Accounts Receivable

Accounts Receivable is the life blood of your company. It's critical that your are able to receive and apply revenue quickly and accurately. JD Edwards has completely rewritten the AR function for OneWorld and added many features World users have waited years for. Synthasys consultants can be extremely helpful in the following vital areas in Accounts Receivable:

Customers
We will help you configure your customers to take advantage of automatic receipt matching functionality. This can dramatically speed up processing and improve accuracy.

Ensure that parent company relationships are correctly implemented so AR data can be consolidated and reported.

Deductions
Processing non-standard deductions can be extremely time consuming and frustrating for your customer and your company. We can help simplify the processing of non-standard deductions so they can be correctly categorized and approved.

Reporting
Keeping up with trends in your AR data is critical to spot problems and forecast cash receipts. We can help you create views and reports to stay on top of your AR processing to find out which of your customers are paying on time, late and if they are taking discounts.

Fixed Assets

A flexible well implemented Fixed Asset system is crucial to successful companies these days. To make optimal business decisions and plans, management needs accurate and timely asset information. Fortunately, JD Edwards has a very flexible and robust Fixed Asset Management module. However, optimizing the Fixed Assets Management system to take advantage of all the features can be a big challenge. Synthasys can help you implement, fine tune and enhance your Fixed Assets Management system.

We'll help you configure your Fixed Assets Management system and cover the following areas:

• Set up one or several depreciation methods for your company book and help you automatically allocate depreciation across your entire corporation.
• Make sure the Fixed Asset Management system is fully integrated with General Accounting, Equipment Management and Inventory Management.
• Help make sure your company meets all the required tax depreciation regulations.
• Create custom depreciation methods for your company's cost accounting and financial planning.

Financial Reporting

JD Edwards Financial Reporting module is a powerful tool if you have the proper training and reporting codes. Synthasys can make sure you get the most out of the Financial Reporting module.

We can help you with the following:

• Viewing account balances and also the associated original transactions
• Calculating variances between two General Ledgers and viewing the results online
• How to transfer transaction and balance histories to new departments
• Quickly pull up consolidated reports online anytime

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