SapphireOne helps with organisation and accessibility of data

August 3, 2018 10:45 am | by John Adams

SapphireOne ERP CRM DMS accounting system is efficient in summarising, reporting and analysing your business transactions to help keep track of your expenses and income.

SapphireOne speeds up your entire accounting process through automated calculations.

SapphireOne helps you to understand your accounting system in a better way and let your accountant to assesses your organisation’s assets, liabilities, cash flow, transactions, balance sheet, cost management, reports and analysis.

Once SapphireOne is installed in your system, you can keep your business and accounts up to date easily. SapphireOne can automate tedious tasks such as filing of paperwork, with the built in Document Management System (DMS) you can attach documents of any file type directly to the transaction.

Securely convey accounting data to multiple departments across an organisation

SapphireOne is a user-friendly ERP Accounting application software that allows you to manage employees and business efficiently.

SapphireOne ERP Accounting application software gives you the advantage of viewing data in a personalised view. Using the custom inquiry screen the users have the ability to select their own criteria based on any field within the table and related tables.

SapphireOne is committed to optimising its information security performance and has achieved the ISO 27001:2013 Security Certification process by demonstrating that a comprehensive system of information security controls and management processes has been implemented.

Easily organise and access data in a central location

If you are looking to utilise a breadth of organisational functionalities for optimal management of your business’s accounting data, then SapphireOne is the answer. SapphireOne becomes the single source of truth for all your financial data including your document management system (DMS) and Contact relationship management (CRM).

The Sapphire Web Pack gives users much-needed flexibility for unlimited users to update the data file in real time from any mobile device, including iPad, iPhone or iOS and android device for anyone internet access. Data entry screens include client quotes, client orders, client invoices, vendor purchase orders, employee timesheets, employee leave requests. The users also have access to client and vendor inquiries, all the CRM capabilities such as notes on a contact, using iOS by clicking on the microphone icon to convert to text automatically.

For a sneak peek at the full capabilities ERP, CRM, Accounting Software, Human Resources, Payroll, Assets and Document Management, check out SapphireOne and request a live demo, it is everything you’ll ever need to make your company management a success. Know more about us.

Simplifying the concept of end of financial year

July 11, 2018 10:34 am | by John Adams

The Australian financial year typically starts from 1st July and ends on 30th June. The 30th June is also known as end of financial year when businesses start preparing their financial reports in order to submit their financial position to the Australian government. In New Zealand the end of financial year is on 31^st March, in the United States of America the financial is typically the last Friday of December.

Documents needed for end of financial year

A range of documents are needed to assess the tax obligations of your business such as Income Statement, (also known as the Profit and Loss P&L) and Balance sheet.

The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Reported assets, liabilities, equity, income and expenses are directly related to an organization’s financial position.

Countries over time have developed their own accounting methods and principles, making international comparisons of companies difficult. To ensure comparability and uniformity between financial statements prepared by different companies, a set of guidelines and rules are used. Commonly referred to as Generally Accepted Accounting Principles (GAAP), these set of guidelines provide the basis in the preparation of financial statements.

SapphireOne ERP CRM DMS can support unlimited number of companies in unlimited tax jurisdictions in one data file. SapphireOne also support multiple foreign currencies and unlimited number of foreign bank accounts, supporting all your foreign exchange (FX) requirements.

Income statement / Profit and Loss (P & L)

The Income Statement or Profit and Loss (P & L) measures a company’s income and expenses during a specified period of time. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period.

The Income Statement is one of the most important financial statements a business or organisation issues annually, along with the balance sheet and the cash-flow statement.

SapphireOne ERP CRM DMS has the ability to run the current year versus last year reports, or if required up to ten years historical data on the one report.

SapphireOne also has the ability to copy last year’s actual general ledger balances into the current year’s budget.

Balance sheet

The company Balance Sheet represents company’s financial position, which is important at the end of financial year. The Balance Sheet outlines the total assets, liabilities and owner’s or stockholders’ equity at a specified point in time. Assets the business owns, such as vehicles, plant and equipment, property, intellectual property and cash in the bank are included on the Balance Sheet, depreciation of these assets is included on the Income Statement (P&L). Liabilities include your creditors, payroll obligations such as employee’s annual, carer and long-service accrued leave.

SapphireOne ERP CRM DMS financial reporting has the ability to export data to spreadsheet and also import data to the general ledger budget via the Sapphire API gateway.