Accounting
ITOKA Accounting software for Mac and PC is a five-journal accounting solution. When integrated with CRM and ERP, ITOKA Accounting allows managers to track a sale from the lead to the balance sheet without duplicate data entry.
Accounting
Manage multiple entities. Account for multiple entities and departments within the same solution. Produce consolidated or entity/department specific financial reports.
Know whether you are meeting your goals. Create budgets for the entire company, an entity, or a department within a date range. Compare the results with actuals. Create as many as you need.
Recurring and Reversing Entries. Fully automate recurring entries. Schedule automated reversals.
Accounting Integration with Operations
Reduce data entry with seamless integration with operations. Sales and fulfillment personnel create invoices from sales orders. A/P creates purchases from existing purchase orders when vendor invoices are received. Vendor invoices are compared with the respective Purchase Order to prevent double-entry, over or under payment, or payment for non-received or poor quality goods.
Effectively manage credit card purchases. Authorized users can apply credit card purchases via the Purchase Orders module without requiring any deeper access to payables system. Preserve vendor history while keeping your liabilities current.
Automate labor and cost of goods sold reconciliations. ITOKA automatically accounts for inventory and labor usage for specific orders, departments, and product categories. Accrued inventory, too.
Additional Accounting Features
Period management made easy. Open and close periods and fiscal years as necessary in order to prevent back-dated entries without authorized permission.
Reduce sales tax audit risk. Tax profiles are linked to postal codes and automatically associated with clients based on the ship-to postal code. Eliminate order entry guess work and reduce sales tax audit risk.