Finance and accounting

Finance and accounting are at the heart of Iplicit. When it comes to business finance you’d expect any ERP solution to cover all the basics. But you’ll be amazed at the comprehensive breadth and depth of functionality available within Iplicit.

By admin
20 Nov, 2018

Customer quotes and invoices

Create and send branded quotes and invoices. Sales quotes can become invoices in a click. Invoices can be based on products supplied, jobs done, timesheets, regular charges, data from other systems or created on an ad-hoc basis. All invoices and quotes can be workflow routed before sending and stored in the document repository.

Purchase orders and supplier invoices

Generate purchase orders quickly, link them to products and services, send them automatically for authorisation and then out to your suppliers. When goods are received, issue receipts and take care of stock control. It’s easy to log, authorise and settle supplier invoices too. Use ‘quick payment’ or schedule in a run. Prioritise payments with the ‘aged creditors’ tool and make adjustments any time.

Cash management and bank reconciliation

Auditing and reconciling financial transactions is no longer a laborious task. With imported bank statements, iplicit recognises transactions based on rules and history. Simply check and click OK. Cash receipts and payments are easily documented, including printing or emailing appropriate receipts. And you’ll always know your cash position across multiple bank accounts. Iplicit’s unique cashflow forecasting monitors your cash situation based on outstanding and regular transactions, plus predicted income and expenditure.

Credit control

Manage your credit control risk effortlessly. Monitor collection performance across all customers and any other criteria you wish. Use aged debt reporting to see where to focus your activities. And issue statements and reminder letters automatically.

VAT returns

Your commercial tax responsibilities are easily looked after, using tax codes, rates and tax systems to generate the figures you need for returns. Produce a VAT estimate at any time and, when you’re ready, automatically submit your return to HMRC.

Expenses and timesheets

Staff can use Iplicit to record and submit their expenses claims and timesheets. You can review expenses, and time can be assigned to a cost centre and/or a project to monitor performance and efficiency. This information can also feed through to sales invoices.


However you pay your staff and suppliers, Iplicit eases the process – from making quick payments to an individual or company to multiple creditor transactions based on your selection criteria. Authorisation, reporting and payment files are all there for you.

Period end accounts

Manage accounting transactions for key business periods seamlessly. Ensure month-end control checks, reconciliations and accounting adjustments are finalised to meet management reporting deadlines. Lock down transaction postings, so data is always entered in the correct accounting period. And throughout the process, Iplicit will keep key personnel updated on progress.

Multi-currency and multi-company management

Iplicit handles the complexities of doing business. Manage the finances of several businesses together. Log transactions in multiple currencies if you trade overseas and get reports in your favoured currencies.

Shares and dividends

Enter your company’s share classes and shareholders and Iplicit processes your dividend payments into the ledgers, just like any other creditor transaction. Iplicit also takes account of any future share issues, movements and allocations. At any point, over any period, you can view share movements, including the breakdown of share classes, and dividend declarations.

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