Financial Management

The Swords Financial Management suite is integrated with sales, stock and purchasing functions and provides full accounting audit trails. Swords accommodates branch accounts, facilitates cash reconciliation and interfaces with BACS software. Swords also includes all the features necessary to draw up full management accounts in-house.

Nominal Ledger

The Sanderson Nominal Ledger stands out amongst competitive products by offering a level of simplicity and sophistication not found in other systems.

• Full audit trail reporting, tested and approved by independent qualified accountants.
• Ability to handle multi-company ledgers independently
• Bank reconciliation with electronic links to your banks third party software for importing the bank statement, then auto-match reconciliation. Multiple bank account handling is also available

Features Include:

Posting Options, Printed Reports, Screen Enquiry Options, Period End Routine, Reporting, Audit Trail, Period End VAT Summary, Transactions Journals, Trial Reconciliation, Nominal Ledger Report

Sales Ledger

The Sanderson Sales Ledger is simple and easy to use, guiding the user through a range of options to cater for their precise requirements.

• Cheque clearing – you have the ability to record cheque limits with a rolling cheque clearance facility
• Master accounting – links regional accounts to the head office account, for invoice and statement purposes.
• Credit status – the Swords system allows the operator to check a customer’s current credit status.
• Statements – accounts may be run as either Open Item Accounting or Balance Forward Accounting.

Features Include:

Automatic on stop procedure, Payment Method Names, Payment Terms, Payment Conditions, Multi Currency, Returned Cheques, Refund, Discount, Payment, Day-Book Reports, Ledger Displays, Customer Reports, Ledger Reports, BACS Receivable

Purchase Ledger

The Sanderson Purchase Ledger is extremely user friendly, guiding the user through a step by step process.

• Automatic updating – once the purchase order has been entered onto the system, and the goods received, the purchase order/goods received (GRN) will be held in a file awaiting invoice matching. Upon receiving the purchase invoice, a match will be made against the GRN and a price verification will take place.
• Invoice status – all invoices will be given a status i.e. ‘normal’ or ‘on hold’. Invoices in query can be given a ‘on hold’ status and will not be presented for payment until the status has been changed back to ‘normal’.
• Payments – Swords produces a ‘due for payment’ report. When making a payment to a supplier, the operator will be presented with a page by page option, allowing both supplier and invoice to be selected to make the payment against.
• BACS Payable – if a supplier is marked as being paid by BACS, then an option to select all invoices due for payment by BACS can be chosen.

Features Include:

Payment Terms, Multi Currency Data, Invoices, Credit Note, Debit Journals, Credit Journals, Refund, Discount, Payment, Ledger Displays, Supplier Reports, Ledger Reports, BACS payable, GRN and Invoice matching, Aged Credit Analysis