Financial Management Overview
Ascent can integrate with numerous financial systems, by providing general ledger journals, accounts payable invoices, and sales invoices. The journals provide costed inventory transactions with the general ledger accounts on those journals selected based on either items, item groups, or transaction profiles. If desired, the company can manage cash and credits posted against sales invoices in Ascent, with only general ledger journals being sent to the accounting system.
Additionally, Ascent can integrate with other specialized packages to extend its functionality.
Integration Options: Ascent can integrate with specialized packages for sales tax calculation, shipping/freight charges, credit card processing, eCommerce, and label printing. In addition, accounts payable invoices and sales invoices can be made available to accounting packages.
Journals: based on what accounting package a company chooses, Ascent can automatically create journals in that package. For other accounting packages, accounting journals can be generated for that package’s import.
Payment Processing: If desired, companies can use Ascent’s cash receipts and cash application capabilities to manage receivables. Credit memos can also be created, whether as a result of returns or on a standalone basis, and be applied to sales invoices.