Introduction To The SoftLedger Platform - Step-by-Step Transcript
Step 1
This walk through will guide you the around the key areas of SoftLedger and introduce a number of the capabilities of the platform.
Step 2
Your SoftLedger menu is made a available in the left-hand panel for easy navigation.
The menu groups areas of capability such as Reports, Financial, Accounts Receivable, Accounts Payable, and Administration.
The SoftLedger user interface leverages our open API. Partners and customers can customize and integrate SoftLedger – from simple data movements and workflow automation, progressing through to potentially building a complete white label embedded accounting solution.
Access our API documentation here.
Step 3
The Reports area includes standard format and your own, unlimited number of custom financial views and reports.
Step 4
This balance sheet report is based on the Abacus Global location level – the total consolidation of multiple subsidiaries, in US dollars, for all drafted and posted transactions, as at the end of September.
Step 5
All reports and views, structures, dimensions an data can be one-click exported in detail and summary to XLS files.
Your data in SoftLedger is accessible via your secure API Credentials (if purchased). Use the data and combine into your preferred third party systems for driving business processes, reporting and analytics.
Step 6
The Financial area is where you manage your structures (Locations, Accounts) and dimensions (Cost Centers, Products, Region) and are able to view all financial transactions in their journal form (to view, filter and sort, and report).
The Bulk Journal Import allows importing (via XLS or API) uploading of financial transactions from any source system.
In this view we can see our Locations (Abacus Global, Abacus US, Abacus Europe, etc.). Learn about Locations here.
Step 7
In Accounts Receivable you will view, update and manage your customers and their invoices. You can review the basic capabilities of setting up a customer and raising an invoice here.
Customers and invoices can be uploaded via XLS or API. Sales Orders, if needed are added, managed and fulfilled in the Sales area.
Manage and process receipts in the Cash Management area.
Step 8
In Accounts Payable you will view, update and manage your vendors and their bills. Learn about uploading vendors (their account information) and bills (the financial transactions) here.
Vendors and bills can be uploaded via XLS or API. SoftLedger supports the Purchase Order process in the Purchasing area.
Manage and process payments in the Cash Management area.
Step 9
Integrate and work with your bank and credit card transactions to manage and reconcile receipts and payments, refunds and credits, in Cash Management.
Already using a preferred accounts receivable and/or payments platform? Integrate SoftLedger!
SoftLedger has partnerships and ready-to-use/prebuilt integrations with many specialized vendors.
Step 10
In Inventory you can manage, update and report stock items production counts and values, their movements and held count, across your warehouses.
Build up the material, labor and overhead detail of all item pricing and costing components, then update over time.
Step 11
Set up, manage and update your digital assets ledger in the Crypto area.
Determine your Coins and asset items, organize them into Wallets, and process your transactions (1 by 1, via a XLS Transaction Upload or API) including running your cost basis calculations.
Transactions for digital assets include managing for fees, for deposits, withdrawals, transfers and trades. Learn more about crypto accounting here.
Step 12
Manage your users, accounting periods, review audit logs and perform other administrative tasks in Admin.
Users access SoftLedger’s areas and capabilities based on their role and permissions.
Step 13
In the Settings area you will manage and customize, set rules and processes, for your enterprise accounting platform.
Step 14
Ready to talk about SoftLedger?
Get started! We’ll give you an initial overview and introductory guidance on how SoftLedger will meet your requirements (and how to optimize a trial period!).