Financials and Business Intelligence

Core Financials

Abel’s Core Financials provide accurate, real-time financial data across your operation. Abel’s financials work seamlessly across sales, purchasing, inventory, manufacturing, production, distribution and logistics. Whether you're working across multiple entities, managing tax obligations, or planning for growth, Abel gives you the financial clarity and control to move your business forward.

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General Ledger

Abel’s General Ledger is built to handle the demands of growing businesses, processing high transaction volumes across multiple companies, branches, and currencies. Automatic transaction posting ensures accuracy, while drill-down capabilities let you examine the detail behind every figure.

Core Features

High-Volume, Real-Time Processing Manage large volumes of financial transactions with speed and precision.
Configure Chart of Accounts and Ledgers Tailor your financial structure to suit your business needs.
Flexible Period Posting Post transactions in current, prior, or future periods that are open for processing.
Journal Entry Options Support for standard, reversing, and repeating journals.
Multi-Company and Multi-Branch Support Consolidate financials across entities and locations.
Tax Management Built-in support for GST, VAT, and Sales Tax across multiple jurisdictions.
Inter-Company Transactions Post across companies, countries, and currencies with ease.
Comprehensive Financial Reporting Generate detailed reports for analysis, compliance, and decision-making.
Budgeting and Forecasting Create financial budgets and forecasts, including sales forecasts by customer for manufacturing planning and Material Requirements Planning (MRP).
Configurable Data Extracts Export financial data in formats that suit your reporting needs.
Multi-Currency Consolidation Consolidate financials for reporting to head office, regardless of currency.

Accounts Receivable and Payable

Abel’s Accounts Receivable and Payable functions work seamlessly with the General Ledger, with customer and supplier workflows, and other core Abel functions. They provide full visibility and control over customer and supplier transactions, helping you manage cash flow, credit, and compliance across domestic and international operations.

Core features

Customer & Supplier BalancesOn-screen aged balances for both customers and suppliers, with drill-down access to source documents and real-time visibility of outstanding invoices, overdue amounts, and payment history.
Receipts & Payments Flexible receipting and payment modes - open item and balance forward. Support for part payments, deposits, progress payments, and miscellaneous one-off transactions and multiple payment methods including direct credit, bank drafts and transfers, and check/cheque generation.
Terms & ConditionsCustomer and Supplier-specific credit terms, discounts, and limits. Automatic alerts for credit limit breaches and scheduled and staged payment handling.
Currency & Tax HandlingFull foreign currency support for invoicing, receipting, and payments. Automatic exchange gain/loss calculations and contracted exchange rate application and region-specific tax support including GST, VAT, and other applicable charges.
Document & Contact ManagementDelivery options for invoices, statements, and reminders via print or email and management of multiple contacts and addresses per customer or supplier.
Reporting & ReconciliationDetailed debtor and creditor reporting to monitor trends and activity. Bank reconciliation across multiple accounts, including foreign currency accounts and expense spreading and accrued expense balancing for accurate financial reporting.
Expensify® IntegrationImport approved employee expenses and company credit card transactions directly from Expensify® into Abel for faster processing and reconciliation.
Acume Integration Acume is a powerful automation platform for high-volume finance and sales teams. Acume provides Accounts Payable automation and inbound Customer Order processing.

Journals, Period End and Financial Reporting

Abel’s financial management functions provide comprehensive support for journal entries, period-end processing, and financial reporting. Whether you’re posting adjustments, managing ledger transitions, or reviewing performance, Abel ensures accuracy and transparency across single or multi-company environments.

Core features

Journals
Create standard and reversing journals for regular and automated entries. Post adjustments to customer (debtor) and supplier (creditor) accounts.
Record and reconcile bank-related transactions and Track Work in Progress (WIP) for manufacturing and project accounting.
Month-End and Year-End ProcessingDefine financial periods for the year and control which periods accept postings. Apply company-level controls to manage financial periods and postings across entities. Transfer balances from the old year to the new year, including Inventory, Bank, Creditors, Debtors, and more and Run the Year-End Roll multiple times until the prior year is finalized, ensuring accuracy and completeness.
Financial ReportingAccess standard reports including Profit & Loss and Balance Sheet. Use interactive enquiry screens to drill into financial data with detailed breakdowns.
Define Account Sequences to control report layout, headings, totals, and account order. Set up multiple reporting views for management, compliance, or departmental needs and Group branches or departments flexibly to suit your reporting structure.

Sales Tax, Banking and Cash Management

Abel’s Sales Tax, Banking, and Cash Management functionality provides a complete solution for handling financial transactions, tax compliance, and cash flow across multiple entities and currencies. With real-time updates, flexible payment options, and robust reporting, Abel helps you stay compliant and in control of your financial operations

Core Features

Sales TaxSupports GST, UK VAT, USA Sales Tax, Canadian PST/HST, and other regional tax systems.
Apply GST sub-types on customer and supplier transactions for accurate tax handling.
Automatically post tax components to designated General Ledger accounts.
Review and validate GST data with analysis reports and journals, including tailored formats for NZ, Australia, USA, and generic use.
Adjust back-dated transactions automatically in the next return period.
Post GST-only invoices (e.g., customs GST) directly to tax accounts and access detailed tax ledger reports to support audits and returns.
Avalara IntegrationAvalara is software for automated tax compliance. It calculates a wide range of indirect tax types in real time, including UK VAT and USA sales tax.
BankingManage multiple domestic and foreign currency bank accounts across your business. Reconcile transactions with automatic updates to cash balances. Access historical reconciliation reports for audit and review. Generate bank journals. Process payments and receipts via direct credit, bank draft, bank transfer and check / cheque. Export banking data in over 30 supported bank formats
Cash ManagementMaintain real-time cash balances and monitor enterprise-wide cash flow. Build deposits from customer receipts and manage recurring or scheduled transactions. Cancel or reverse payments when needed. Revalue and consolidate foreign currency accounts for accurate reporting.
Transfer funds between accounts and generate batch payments and access cash flow analysis reports to forecast and manage liquidity.

Assets

Abel provides full support for both Fixed Assets and Intangible Assets, helping you manage acquisition, depreciation, amortization, and reporting with precision. Transactions post to the General Ledger in real time, and Abel’s automated calculations ensure asset values are always current and correctly reflected in your financial statements.

Fixed Assets - Core Features

Asset and Property Register Maintain a complete record of all assets.
Comprehensive Transactions with History Acquire, depreciate, transfer, adjust, revalue, and dispose of assets with a full audit trail of asset activity.
Book and Tax Depreciation Registers Separate registers for financial and tax reporting.
Flexible Depreciation Options Choose Straight Line or Diminishing Value methods. Daily, Monthly, or Next Month depreciation based on your country’s tax rules.
Depreciation Consolidation Consolidate depreciation to any company, division, or branch.
Comprehensive ReportingGenerate detailed reports for financial and operational analysis.

Fixed Assets - Advanced Features

Pooled and Partial Asset Management Handle part-purchases, part-disposals, and pooled assets.
Asset ImprovementsTrack and manage improvements to existing assets.
Compound AssetsCombine multiple purchases into a single asset code and depreciate as one.
Link to Equipment Link an Asset to its corresponding item of Equipment in Abel’s Equipment register.
Project Sub-Charges Allocate asset costs to specific projects.

Intangible Assets

Abel manages intangible assets with the same precision as fixed assets, using amortization instead of depreciation.

Project Accounting

Abel collects project revenue and expenses as part of normal transaction processing. Projects are fully accounted for within Abel’s main financials, giving you a clear view of performance, budgets, and costs, down to individual jobs.

Core features

Project Costing Track and manage costs across all phases of a project.
Project Budgeting Set and monitor budgets to keep projects on track.
Full Financial Accounting for Projects All project transactions are posted directly to the General Ledger.
Nested Projects Manage projects within projects for complex work.
Jobs Within Projects Break down projects into jobs for detailed tracking and reporting.
Matrix Views View projects by GL account or GL accounts by project for flexible analysis.