Accounting ERP Software Designed for Manufacturers

In sync with the rest of your business

Easily track job costs and simplify accounting with one system that connects finance and accounting with your entire operation.

Genius Accounting

Genius ERP provides centralized support for all your financial management and accounting operations in a single system fully integrated from quote to payment with the rest of your operations. Real-time data and fully customizable dashboards, including our new cashflow management dashboard, allow you to easily manage your accounting and financial data from one place. Accounting staff no longer need to cross-reference, re-enter or manually reconcile data — and will instead have more time to focus on delivering critical reports and other key strategic tasks.

Point 1

Better decision-making

Get real-time financial data on all your business activities with our full-featured accounting and financial management software suite. Quickly drill down through a general ledger entry to the related manufacturing transaction to better understand job costs and make more intelligent business decisions. Solid integration with all Genius ERP modules allows important financial data to flow seamlessly throughout your organization, allowing for better project-based accounting, quoting and forecasting.

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Point 2

Simplify accounting practices

Streamline accounting practices with our flexible, user-friendly and intuitive solution for accounting and financial management tasks. Fully customizable dashboards keep accounting information at your fingertips, including the new cashflow management dashboard that forecasts projected cash flow based on outstanding sales orders and work to be shipped. Plus, our implementation team is rich in accounting experience and can get you up and running on our user-friendly system in no time.

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Point 3

One integrated system

Use one intuitive system that is completely integrated across your entire organization for all accounting and financial management. Make time-consuming accounting tasks — like month-end closing — more effortless by using real-time data pulled from across your organization. Unlimited access to historical data gives you a comprehensive view of the financial history of your organization. Costly delays and errors due to re-entering information from a separate accounting software program into your ERP are eliminated.

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Key Features and Functionalities

Simplify your accounting practices and make more informed business decisions with our full-suite accounting system fully integrated with the rest of Genius ERP. Eliminate the costly double-entry of financial data and speed up accounting tasks, including billing, sales orders, purchase orders, general ledger, timesheets, expenses and electronic payments. Use real-time and historical data to identify patterns, trends and potential issues, make informed financial decisions, and track performance against historical benchmarks.

  • Multi-currency exchange rate management and profit/loss calculation
  • Multi-company capabilities
  • Perpetual or periodic inventory management
  • Ability to drill down to source transactions and keep an audit trail
  • Unlimited data history access
  • Chart of accounts structure with up to 5 segments
  • General ledger account code change tool
  • Creation of account groups
  • Fiscal calendar management by module
  • Management of banking operations
  • General ledger management
  • Intercompany journal entries
  • Recurring entries and reversing existing journal entries
  • Bank transactions paired with general ledger
  • Creation and updating of financial budgets
  • Reports, financial statements, and dashboards
  • Cashflow management dashboard
  • Milestone payments/billing & revenue recognition
  • National customer account management
  • Management of manual deposits and receipts
  • Management of EFT deposits and receipts
  • Avalara sales tax compliance integration available
  • Communication tool for emailing customer account statements
  • Creation of templates for expense invoice entry
  • Creation of intercompany expense invoices
  • Management of manual/batch payments
  • Payment batches and multiple criteria selection
  • Management of EFT payments
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AVALARA

Genius Accounting is now available fully integrated with Avalara, the leading solution for sales tax compliance. Always be confident that you are on top of the latest tax rates, rules, and regulations.

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Built for the people who use it

Whether you are an engineer, production manager, accountant or CEO, Genius ERP has the solutions you need to get the job done right.

Accountants

Take control of your accounting with Genius ERP

Eliminate unproductive tasks, including exports to other accounting software programs, validations for these exports, duplicate transactions and wait times to view documents. A fully integrated system increases the accuracy of your accounting and financial reports by eradicating upload errors, input errors and potential timing errors.

With Genius Accounting, everything is in real time and one easy-to-use system. Spend less time on data entry and more time on critical reports and other vital tasks that will move your organization forward.

Doing taxes

Management

One system, completely connected across your operations

Genius Accounting provides real-time financial information for all of your business activities. Using a fully-integrated ERP system for accounting gives you access to all the information you need to oversee your entire operation. Manage and keep tabs on various projects and accounts, as well as have an up-to-date snapshot of the KPIs that are important to you.

Drill down and trace costs throughout the production process to know your true job costs. Use real-time data and financial information to make quicker, better informed and more intelligent decisions about how to move your business — always with an eye to the bottom line.

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Case studies

We’re honored to help hard-working manufacturers grow

Whether you’re looking for your first ERP, or you need a replacement solution, manufacturers just like you have realized the benefits of implementing Genius ERP.

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Frequently asked questions

Do I need an accounting suite in my ERP?

An ERP system offers robust accounting features similar to standalone accounting software. However, the key advantage of an ERP is its ability to integrate accounting functions with other operational aspects of your business, providing a comprehensive solution.

Using an ERP for accounting streamlines your processes and saves time by eliminating the need to cross-reference and re-enter data across multiple systems or spreadsheets. A fully integrated system enhances the accuracy of your accounting and financial reports by reducing upload errors, input mistakes, and timing discrepancies.

By consolidating your accounting within an ERP system, you can benefit from increased efficiency, reduced maintenance costs, and improved data accuracy. Ultimately, choosing to incorporate an accounting suite into your ERP can lead to better financial management and overall operational effectiveness.

Is Quickbooks an ERP?

No, QuickBooks is not an ERP system. While QuickBooks is a highly regarded accounting software program, it lacks the comprehensive features and connectivity typically found in an ERP system.

An ERP system provides a broader range of functionalities beyond accounting, such as inventory management, supply chain management, customer relationship management (CRM), and more. ERP systems are designed to integrate various business processes and departments into a single, cohesive platform.

Using an ERP that is fully integrated from quote to payment eliminates the need to operate and maintain separate systems for different functions. Real-time data and customizable dashboards in an ERP allow for efficient management of all accounting and financial operations within one unified system. This integration and centralized approach contribute to improved productivity, accuracy, and overall business performance.

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How do you determine ROI on an ERP system?

Determining the return on investment (ROI) of an ERP system can be a challenging task due to the complexity and wide-reaching impact of these systems within an organization. ERPs are intricate systems that integrate and interact with every department, process, and system, making it difficult to quantify their benefits accurately.

Despite these challenges, an ERP system offers immediate value to an organization by reducing wasted time, improving inventory management, enhancing profit margins, and minimizing mistakes and miscalculations. However, assigning quantifiable figures to these benefits can be challenging.

Here are some typical ROI figures that manufacturing companies may experience after implementing an ERP system:

  • 19% reduction in operating costs
  • 15% reduction in administrative costs
  • 19% reduction in inventory costs
  • 18% reduction in obsolete inventory

These numbers reflect the potential cost savings and efficiency improvements that can result from investing in an ERP system. While conducting a comprehensive ROI analysis for an ERP system may be complex, these tangible benefits demonstrate the value that such a system can bring to an organization in terms of cost reduction and operational efficiency.

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Find out how Genius ERP can simplify your manufacturing.

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