Location Accounting
Microtech Cloud Location accounting enables you to keep track of your financial accounts, cost, and analytics by geographical location.
Financial analysis by location is important especially if your operations are geographically dispersed. Microtech Cloud Locations is hierarchical and will enable you to segregate by area, city, country, up to 22 levels.
When used across the board, it helps obtain tactical business insight by offering full financial overviews and controls with real-time integration across the entire solution. An integrated view helps to anticipate bottlenecks in advance. Gain detailed analysis by mapping locations to General Ledger accounts and run detailed reports without complicating the chart of accounts.
Microtech Cloud Location Accounting also enables you to group transactions across the ERP by location, will also post expenses, items, and fee transactions in journals.
Multiple resources are required to work in different locations that are being managed by different departments. Since Microtech Cloud also features inter-company capabilities it is easier to detail the actual location costs regardless of which departments are involved in a particular location. If you are using Microtech Cloud Human Capital Management, you will also be able to post and track employee work hours, the status of purchase and sales orders, and deliveries online; per location.
For your procurement allocation and accounting, you can also evaluate vendor invoices against location budget.
