TRYTON ERP UPGRADES – Automatització per comptabilitzar les despeses recurrents

Description

Tryton ERP upgrade to automate the collection of those recurring banking movements that do not generate any associated documentation beyond the record in the bank statement.

The module automatically exports all the data to Tryton ERP to facilitate its control, erase any risk of error, and save accounting or finance department employees time spent on tasks with little added value.

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Focused to

Accounting and finance managers and company controllers who register a relevant number of movements without documentation, such as:

• Commissions
• Bank charges
• Movements between accounts
• Fees
• Supplies
• Subscriptions to online services

The problem

All companies generate recurring economic movements. They are usually small amounts that regularly move in the form of expenses or movements between accounts and, if they are not properly controlled, can generate significant problems.

These movements may be of little relevance individually, but together they can represent a considerable amount and, above all, an important loss of valuable hours that could be invested in much more productive work.

In addition, these types of movements are becoming more numerous and common. Technology has facilitated banking operations, but also the payment of commissions for almost any service.

Stores, for example, have to pay a commission for each sale they make with a credit card or for every PayPal sale in the case of e-commerce. Services hosted in the cloud also charge small amounts for which no invoice is received unless specifically requested. This is in addition to the expenses and bank fees associated with the services banks provide.

All these movements generate an important workload for accounting departments, which must manually enter the data into the management software.

It is mechanical, unproductive work that is subject to all kinds of errors. Most importantly, it is entirely avoidable.

The solution

An ERP, by definition, is a single point of data entry for a company within an integrated management platform.

At NaN-tic, we deeply believe in this principle, which is why we apply this approach to all the developments we create for Tryton ERP. This module is a good example.

This module automates the posting of bank transactions to accounting accounts. It does so by following three types of rules that can be defined according to the registered movements:

• By issuer or transaction type, based on the daily bank statement
• By amount or amount range
• By keyword, based on specific text appearing in the bank statement description

Warren Buffett, considered one of the most successful entrepreneurs and investors of the twentieth century, said:

“Take care of small expenses. Invest in companies run by managers who take care of even the smallest expenses, like toilet paper.”

Fortunately, monitoring and controlling even the smallest expenses is now simpler than ever with Tryton ERP and the module developed by NaN-tic.

Key benefits

• Automates the recording of recurring banking movements without documentation
• Increases control and reduces the margin of error to a minimum
• Frees your staff from completely unproductive work

Focused to

• Companies with a significant volume of recurring banking movements
• Accounting professionals who need more time and fewer problems
• Managers who want complete control over financial management

Do you want more information about Tryton ERP?

Modules

• account_bank_statement_rule

NaN-tic Guarantee

This module has the NaN-tic Guarantee. This means that it has been developed, tested and/or validated by NaN-tic. Therefore, we take responsibility for it, and it is covered by the warranty we offer our customers.