Manufacturers end up with invoices in three places — the sales tool, the accounting package and a spreadsheet for the ones that didn't fit either. The finance block keeps one invoicing engine, posts receivables and payables to one ledger, and locks each period once it is reported, with tax run from region configuration rather than one country's rules.
Every month starts with reconciling them against each other.
USD and EUR balances sit at old rates until someone revalues them by hand.
A late entry lands in a period that was already reported to the board.
Software built for one country's GST or VAT breaks the day you sell abroad.
One engine for product, service and credit notes.
Receivables ageing and follow-up.
From invoices already matched to PO and receipt.
Foreign-currency balances at period-end rates.
GST, VAT or sales tax by region.
Nothing posts into a reported period.
P&L, balance sheet, budget vs actual by cost centre.
Every invoice — product, service or credit — from a single source.
What each customer owes, ageing and collections.
Trade in any currency, with period-end revaluation.
P&L, balance sheet and cash flow from the posted ledger.
GST, VAT and sales-tax reports shaped to each region's filing.
Lock a period once it is reported so nothing posts into it later.
Set budgets by account or cost centre and watch the variance.
Track spend by plant, department or line.
Illustrative rates; the actual treatment depends on the product, the buyer and the place of supply. One sale, six different tax lines — which is why tax has to be configuration, not code.
| India, within one state (18% GST) | CGST 90.00 + SGST 90.00 |
|---|---|
| India, between states (18% GST) | IGST 180.00 |
| UAE (5% VAT) | VAT 50.00 |
| Singapore (9% GST) | GST 90.00 |
| EU business buyer in another member state | Usually reverse charge — the buyer accounts for VAT |
| US | Sales tax set by state and locality; often exempt for resale |
Posts from one invoicing engine instead of reconciling three.
Closes and locks each period on schedule.
Sees budget vs actual by plant and department.
Tax runs on region config: GST with CGST/SGST/IGST in India, single-rate GST in Singapore, VAT with reverse charge in Europe, 5% VAT in the UAE, and state-level sales tax in the US.
A period close finalises the books for a month or quarter — reconciling accounts, posting accruals and revaluations — and then locks the period so nothing can be posted into it after it is reported.
A cost centre tracks spending only, such as a maintenance department. A profit centre tracks both revenue and cost, such as a product line or plant, so you can see its margin.
Yes. Tax runs from region configuration — GST in India and Singapore, VAT in Europe and the UAE, and state-level sales tax in the US — rather than one hard-coded tax.
At the end of a period, open balances in other currencies are restated at the current exchange rate, and the difference is booked as an unrealised gain or loss — so the books reflect what those balances are worth today.