Track liabilities and manage your cash flow
SIMS tracks liability payments by contract as well as by distributor and consolidates data for group roll-up reporting. With SIMS you can:
- enter credits, down payments and other related contractual expenses
- post payments as checks or electronic transfers
- enter payments to third-party companies
- make payments based on invoices
- set up cash flow management with or without float
- calculate imputed interest on payment schedules
- set up principal and interest GL codes
- define multiple currencies and display currency exchange rates for current payments
- track gains and losses due to currency exchange
- interface to third-party accounting packages