With iQmetrix’s Finance & Accounting system, you can easily track your unique transaction needs, reconcile carrier commissions, handle complex tax setups, and manage employee commissions. If your back-office team has a system of their own, this module can integrate into it. With exported data and centrally managed finances, there’s one, single source of truth.
Financial records are meticulously kept
All essential reporting details are outlined so your business has an accurate overview of current financials. It’s your at-a-glance view of expected carrier commissions and revenue, employee commissions, cost of goods sold, credits, debits, and more.
Eradicate errors by reconciling carrier commissions
With our telecom-specific reconciliation tool, you can use properties to automatically discover discrepancies. This saves your team hours of work while eliminating errors and lost commissions or rebates from the carrier.
Handle and account for complex taxes
Taxes can get complicated when you’re dealing with numerous products and multiple locations. This finance module can easily set up taxes by product or location with mass edit tools. We’ve made complex taxes streamlined so you can dive into the products or locations specifically or set up tax integrations.
Export or integrate into other accounting systems
There isn’t a one-size-fits-all solution for telecom retailers, especially when it comes to back-end financial tracking. If you are using an additional ERP or Accounting System, this module will integrate and automatically record transactions, reduce manual entry mistakes and update data in real time.
Carrier Commissions Reconciliation
Through carrier integrations, price sheet setup, or vendor rebates, carrier commissions will be quickly reconciled back to the carrier, which saves you time and money.
Employee Commissions Reconciliation
Telecom tends to have complex employee commission structures. This module tracks tiered structures automatically and then adjusts using our commission ledger entry.
Your stores are subject to the taxes in their regions, which can mean your business has to track different tax rates at once. With integrations, your business is all paid up even where external vendors’ taxes are applicable.
This functionality is used to manage customer credit accounts. A customer can have multiple accounts, each with its own credit limit. Then your store can define whether a purchase order is required.
Add or delete accounts from your General Ledger as needed. You’ll also have one view of all transactions to balance debits and credits across your entire company.
Track expenses so you can calculate the real profit stores are generating. By entering estimates for your operating expenses, you can compare estimates to actuals to keep an eye on that bottom line.
Petty Cash Reconciliation
Petty cash is used to track dispersals and replenishment while watching for discrepancies. Employees who have the appropriate security permissions can remove or add money to the cash drawer as necessary.
Exports and Integrations
Automatically record transactions from our system into your external platform with integrations. Your business can also export financial records from our system in a ready-to-import format that is perfect for common accounting systems.