The POS sends information to GL, Payroll works with Timecard software and updates GL, Accounts Payable shares the vendor files used for Inventory control and in turn updates to GL. Balance Sheets and Profit and Loss statements can easily be generated.
The Accounts Payable system allows posting of vendor invoices and printing of checks. Recurring payments allow for the automatic payment of rents, leases or other fixed periodic payments. Cash requirement reports and vendor aging analysis are helpful in controlling your cash.
The system compiles vendor information such as year-to-date purchases, discounts earned vs. lost, average days to pay, and 1099 total. All purchases and disbursements automatically post to the general ledger.
BMS Payroll module added to your Wave by BMS software gives you the ability to manage your payroll in-house, vs paying a separate outside company.
The BMS Payroll package is robust in its ability and features. Pay by Company, Division, and or by Department. Employees can be set up to be paid Hourly or by Salary and can be paid Daily, Weekly, Bi-Weekly, Semi-Monthly, or Monthly cycles.
All modules flow to the general ledger. Each time you generate a bill, post an expense, write a check, or complete a payroll transaction, you generate postings to the general ledger. General journal postings allow for adjustments.
All journals must be in balance before they will post to the general ledger, assuring you that you’re always in balance. You can format financial statements, choosing from a wide array of options: year-to-date, last year-this-month, last year-to-date, actual vs. budgets, etc. Multiple periods can be posted without closing the previous month or year.
BMS Timecard software added to the BMS Payroll, does a lot more than just track employees’ time; it can also help to boost workplace satisfaction, ensure accuracy, and improve efficiency.
Employees clock in and out on the actual workstations instead of a backroom timeclock machine, and requiring Personal Login information deters the temptation of Buddy Punching which leads to honest recording.
What Happy Customers Have To Say
We Love the Wave!
- Rick Woody
- Humphries Concrete
Easy and Fast
- Kim, Adirondack Hardware