Financial Reporting is made easy in PdMAIN by operations recording all related transactions directly in real time through the integrated business system.

The financial performance of a company is of vital interest to many stakeholders. Suppliers want to be assured that their receivables can be collected for materials supplied. Customers want to be confident in the viability of the company as a qualified supplier of goods that can fulfill contractual obligations. Lenders and investors are interested in determining the company’s financial strength. PdMAIN provides a variety of tools to create, maintain, report and monitor an enterprise's plans, budgets, statements and financial transactions. As well PdMAIN is an open architecture so as to be accessed by other industry accepted tools or financial reporting systems. The PdMAIN application operates in a completely on-line real time environment ensuring that up to the second information accuracy is available.

Financials Accounting

The General Ledger and Financial Reporting modules are integrated with all other applications on-line, real-time to present the current financial position at any time. Multilevel account structure, sub-ledgers and consolidations provide flexibility and ease of use features for both local and products financial officers. This application is shipped with many standard report formats, and reports are easily added by using industry standard tools or the PdMAIN supplied tools.

Accounts Receivable and Accounts Payable modules are full EDI and EFT capable and multiple currencies are supported.

The costing module rolls up Bill of Material and Routing data to provide real-time cost information. Costs can be accounting standard, engineered standard, average, FIFO and actual.

The financial accounting modules are used to manage the General Ledger, Accounts Receivable, Accounts Payable and Payroll. The financial accounting module is integrated with everything in PdMAIN.

Feature Highlights:

• Financials are integrated in all modules of the PdMAIN software.
• Entries to the financial system are done automatically when sales order and other modules are used.
• Capable with dealing with different tax brackets and tax rules within the same system.
• On-Line General Ledger is always current
• Multi-Site consolidations
• Multi-Site Company
• Multi-Currency conversions, high decimal precision, open ended number currencies
• Interplant transfers, across locations, companies, currencies.
• Recurring Journal Entries
• PdCUBE Data Warehouse for sophisticated financial analysis
• User-defined Account Codes (may be "English-like")
• User-defined Periods
• Flexible Payment selection
• User defined output (Invoices, Cheques, PO's etc...)
• Comprehensive Payment Receipts functions including credit card authorization
• Payroll System
• Adhere to regulatory compliance and tax laws

A company can maximize profitability with PdMAIN financial accounting applications and achieve results such as: understanding, reducing and controlling operating costs; acquiring inventory at the lowest prices; regulating cash flow; reducing open receivable days; improving customer relations; expanding pricing and purchasing to global markets; performing sophisticated financial reporting; monitoring and control all financial transactions; and minimizing inventory value.

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General Ledger

The General Ledger is the accounting backbone in the PdMAIN software. As with all GL’s, it logs the relevant information associated with financial transactions that occur in the system. Posting to the GL is done automatically in real-time for each and every transaction with financial implications that takes place. For example, a warehouse dock receipt, scanned in using the RF handheld device, is immediately reflected on the GL Inventory account with no intermediary processing.

Feature Highlights:

• Multi-Site consolidations.
• On-Line, real-time General Ledger is always current.
• Allows for User-defined Periods.
• Setup account types to be posted to the General Ledger. A table exists that allows the end-user to create as many account types as desired.
• Setup account groups to easily view the GL.
• Accounts with different currencies can be converted automatically.
• The GL indicates where what module the transaction came from and what type of transaction was made.
• Can display current financial position in a variety of ways by allowing for custom queries.
• Complete integration with the entire transactional system within PdMAIN. The GL is always turned on if the customer chooses to use it or not.
• Does not allow the user to make changes to the GL directly.
• Adjustments are made through other financial modules.
• Numerous reports are generated from the GL and can be exported to other packages or via EDI.
• Powerful reporting tools available with PdMAIN as well as industry standard tools.

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Accounts Receivable

The PdMAIN financial system is extremely versatile and granular.

Feature Highlights:

• Multi-Site consolidations
• Full EDI and EFT capable and multiple currencies are supported
• Allows for User-defined Periods
• Handles cancellations
• Cash receipts are recorded easily and quickly and can be viewed in a variety of ways for clarity
• Allows for complex and simple commissions calculations
• Deals with deferred payments
• Handles rebates and can perform complex calculations associated with rebates
• Allows for the creation and management of credit notes

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Accounts Payable

The PdMAIN financial system is extremely versatile and granular.

Feature Highlights:

• Multi-Site consolidations
• Full EDI and EFT capable and multiple currencies are supported
• Allows for User-defined Periods
• Handles cancellations
• Cash receipts are recorded easily and quickly and can be viewed in a variety of ways for clarity
• Allows for complex and simple cash disbursements and records different types of payments
• Handles deferred payments and post dates payments properly
• Handles reconciliation’s of Cheques, Cash and other payments
• Automatically converts currencies to properly reflect payables in one format.
• Can print company Cheques automatically
• Handles rebates and can perform complex calculations associated with rebates
• Allows for the creation and management of debit notes
• Extremely versatile and can produce reports that can be exported to other software applications.

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Multi-Currency & Cash

In the world market, foreign currency usage becomes a necessity. Taking advantage of favorable exchange rates could result in financial savings. The PdMAIN currency modules can handle fluctuating foreign currency amounts. Users can revalue foreign currency accounts at the current rate of exchange anytime. The rate of exchange may be updated as often as is necessary.

Feature Highlights:

• All transactions carry both a Base and Foreign currency, and can be viewed in either currency.
• The Currency Master defines all currencies used in your business.
• The Account Master is where the matching "shadow" exchange account is specified along with the Exchange Rate and effective date.
• When the currency exchange rate changes in the Currency Master, the rates in the Account Master may optionally be changed automatically.
• Every GL account (Account Master) has a currency code assigned to it (Account Currency). When an account is queried, the balance is displayed in the Account Currency.
• For every account whose currency code is not the Base currency, a "shadow" foreign currency Exchange account in the Base currency is set up.
• Expense account called Currency Exchange holds the net result of all currency revaluations in the Base currency.
• All transactions have a "transaction currency" - the Base currency is the default unless otherwise specified. Transactions are posted to the GL via the appropriate Posting Structure and if the currencies do not match, the exchange account is automatically used.
• To revalue the foreign currency accounts at any time, select the option from the Period Master.
  An exchange rate is also stored in the Financial Code Categories table that is used exclusively in the Consolidation of Financial reports.
• PdMAIN can integrate current exchange rates that are electronically downloaded daily from most major financial institutions or web-based financial services.

CASH FLOW

The PdMAIN Cash Flow Financials modules are tools used to analyze future costs and revenue in order to predict the future cash position of your business. The Cash Flow modules look at current GL Account balances and predict future changes to those accounts based on existing:

• Accounts Receivable (AR)
• Accounts Payable (AP)
• Sales Orders (SO)
• Purchase Orders (PO)
• Work Orders (WO)
• Business Plans (BP)
• Suggested Purchase Orders (SPO)
• Suggested Work Order (SWO)

Feature Highlights:

• Calculate Cash Flow program predicts account changes for a specified period in the future by simulating GL postings for all outstanding transactions. Can be run as often as necessary.
• The Projected Cash Flow displays a summary of the results showing the opening balance and the projected balance (considering the predicted transactions) for each day up to the end of the specified calculation period.
• Predicted Account Detail shows detailed results of those simulated postings.
  Available as a PdMAIN.net module

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Fixed Assets

The PdMAIN software allows the accounting organization to efficiently record and calculate values for fixed asset items in your organization.

The PdMAIN Fixed Assets system is the perfect compliment to a complete enterprise solution provided in the PdMAIN software. This module is integrated into the PdMAIN system and provides the following features:

Feature Highlights:

• Simple input screen for fast addition of asset details.
  Variable depreciation date ranges.
• Serial Number control
• Comprehensive, user-definable analysis modules and reports.
• Integration with accounting, inventory, work orders, resources and preventative maintenance
• Depreciation can be calculated for any period of time for multiple divisions.
• All event details are held as separate, auditable records.
• User-definable fiscal periods for asset management.
• Asset tracking includes hand-held scanning devices, including Pocket PCs.
• Calculates multiple budget options for optimizing expenditure decisions.
• Stores budgets as models for creating new budgets.
  Changes to be verified during the audit process
• Is easily customized for your specific asset tracking requirements
• Provides you with unparalleled accuracy and eliminates lost information
• Extremely versatile and can produce reports that can be exported to other software applications.

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