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Accounting

These are other foundation apps that would generally be used by the accounting department. Each of these can operate as a stand-alone app or be part of your regular accounting processes.

  • Exchange Rate Automation - This app can extract currency exchange rates from a variety of sources and upload to your accounting and ERP software. This can be scheduled to occur as regularly as required (hourly, daily, month-end etc.) and be uploaded to multiple business units and even different systems as part of the same process.

  • Journal Approvals - This app can allow any accounting journal to be entered and authorised in UniFi before being posted to the accounting software. This means you can set your authorisation process using the UniFi process builder and ensure two or more users are associated with every journal posted. The UniFi Excel add-in can be used to upload to UniFi directly from Excel to initiate the process if required.

  • Intercompany - UniFi can be used to post intercompany journals, ensuring they are always in balance. Accounting Automation can be done via the UniFi Data Connectors functionality to automatically generate contra-entries across different business units as necessary and a single UniFi process can generate multiple postings across different business units and even different pieces of software as required.

  • Making Tax Digital - This app allows user to review and submit UK VAT returns via the Making Tax Digital (MTD) API. However, it can be adapted for other countries where there is a similar policy of making tax submissions on an automated basis using figures directly from your accounting software rather that requiring re-keying of information.