For small and medium-sized enterprises (SMEs), efficient financial management is essential for growth and sustainability. Averiware is designed to help SMEs manage their accounting processes seamlessly, ensuring accuracy and efficiency in day-to-day financial operations. This cloud-based ERP Accounting System offers a comprehensive solution that automates key accounting tasks and integrates all financial data into one unified platform.

Sales Tax Exemptions and Exceptions

One of the key features of Averiware’s ERP Accounting Software is its ability to handle customer sales tax exemptions and exceptions. This feature ensures that sales tax calculations are applied accurately, based on each customer’s unique tax status. Businesses can easily manage exemptions for eligible clients and apply the correct tax rates to all transactions. This reduces manual calculations and ensures compliance with local tax regulations, making it easier for SMEs to manage sales tax processes.

Credit Memo for Sales Returns

Averiware also supports the creation of credit memos for sales returns or other issues. Credit memos allow businesses to track and process refunds or account adjustments efficiently. Whether dealing with product returns or issuing credits for service discrepancies, this feature streamlines the process, ensuring that all financial adjustments are recorded accurately and reflected in the accounting system.

Returned Checks Processing

Processing returned checks can be a time-consuming task for businesses, but Averiware’s cloud-based ERP Accounting Software automates this process, allowing for quick and efficient resolution. The system ensures that all returned checks are flagged and recorded, reducing the chance of errors and making it easier to track any necessary follow-up actions.

Automated Freight Charge Calculations

Freight charge calculations can often be complex, especially for businesses handling large volumes of shipments. Averiware automates freight charge calculations, ensuring that all shipping-related costs are accounted for accurately. This feature saves time and reduces the likelihood of undercharging or overcharging customers, helping businesses maintain accurate records of their shipping expenses.

Payments in Advance Processing

For businesses that require payments in advance, Averiware’s ERP Accounting Software for small businesses offers automated processing of these payments. When an advance payment is received, the system automatically applies it to the invoice at the time of billing, ensuring that the payment is reflected in the financial records. This feature helps businesses manage cash flow more effectively, allowing for accurate tracking of prepaid orders.

Conclusion

Averiware’s ERP Accounting Software provides SMEs with a comprehensive financial management solution that automates key accounting tasks, improves accuracy, and ensures compliance with tax regulations. As a cloud-based ERP Accounting System, it allows businesses to access their financial data from anywhere, making it a flexible and scalable option for growing companies. By using Averiware, SMEs can streamline their accounting processes, reduce manual errors, and focus on business growth.