Revenue Recognition Software

Customer Quotes and Invoices

Create and send branded quotes and invoices. Invoices can be based on products supplied, jobs done, timesheets, regular charges, data from other systems or created on an ad-hoc basis.

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.

Cash Management and Bank Reconciliation

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.

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

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 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.

Payments

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.

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.

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.

Approval Workflows

Most businesses require a variety of authorisation processes. Within iplicit, these processes can be set up in our workflow engine. That way, documents are routed and escalated automatically based on rules you define.

Deferred Revenue Automation

Automatically calculate the spread of revenue based on your required time period and then automate the monthly process of reversals and journals to accurately recognise the revenue in a compliant manner.

Project and Job Costing

Obtain real-time views of costs, commitments, time spent, current forecast and profitability for individual and groups of projects. Manage resources and report on project progress.