Setup
BizfinityPro’s online process dramatically cuts setup time: a simple process will upload and import an existing QuickBooks datafile; separate import tools import customer and vendor data, items, categories, transactions, chart of accounts and other key information from text files or a spreadsheet.

Accounts Receivable
Customer Invoices – may be created independently, or based on a sales order or e-commerce checkout; flags overdue accounts and tracks customer terms and due date .

QuickSales – record service transactions which include immediate payment by credit card or check

Retail Sales – handle point-of-sale transactions with immediate payment, and automatically decrementing inventory.

Credit Memos – may be built from any AR sale: Invoice, QuickSale or Retail Sale.

Customer Refunds – credit customer’s credit card or generate refund check.

Customer Receipts – receive full or part payment with automatic invoice allocation and manual override, post and track overpayments and payments on account, and apply transactions .

Payment Terms – apply payment (early settlement) discounts based on due date or a day in the month

Multiple Bank and Credit Accounts – for all customer payments.

Customer Management – manage customer sales terms, multiple customer addresses, early payment discounts, sales tax areas and shipping rates.

Accounts Payable
Vendor Invoices – may be new entries or based on Purchase Orders; flags vendor terms.

Debit Memos – based on Vendor invoices.

Pay Vendor Invoices – print a full or partial check run with Remittance Advice including full or part payment and automatic invoice allocation and manual override, post and track overpayments and payments on account, andapply transactions; pick invoices to pay by vendor, age; automatically calculates settlement discounts.

QuickChecks – print an ad-hoc check at the same time as you record a new expense.

Reprint Checks – for facsimile replacements of spoiled checks.

Void Checks – for lost or spoiled checks which have been cancelled.

Payment Terms – apply payment (early settlement) discounts based on due date or a day in the month.

Multiple Bank and Expense Accounts – for all vendor payments.

Vendor Management – manage vendor purchase terms, multiple vendor addresses, early payment discounts, 1099 codes.

General Ledger
Hierarchical Chart of Accounts – allowing summary or detailed GL reporting, unlimited number of GL accounts.

Open Item – transactions never need to be cleared down to balances .

Journal Entries – double-entry General Journals track transactions by account, department, batch.

Template Journals – to handle recurring transactions (percentage or actual amounts).

Account Reconciliation – with immediate feedback on closing balance differences

Multiple Bank and Expense Accounts – for all transactions .

Fiscal Years and Periods – calendar months, 13 periods per year, or any length of your choosing; fiscal periods can be closed independently for AR, AP, and GL to ensure complete control over postings, and reopened with the correct access level to include missed postings or make adjusting entries according to Generally Accepted Accounting Practice (GAAP) - Bizfinity will reprint P&Ls and ripple forward all account balances

Create on the Fly – std
Fast Data Entry (Multiple Lines) – std
Report in Summary, semi-detail or fully detailed form

Convenient data import, or convert directly from Quickbooks

Item Variants – multiple colors, sizes or other user-definable attributes can apply to items appearing on AR or AP invoices.

Price Matrix – unlimited prices and discounts can be automatically applied to each sales order, category or item based on special offers by date range, special pricing by customer, coupons or gift certificates, volume and order value discounts; discounts are calculated as dollar amounts or percentages.

Advanced Features and Controls - create on the fly (accounts, periods, customers, vendors …), fast data entry (multiple lines rather than line by line), interactive interface (validation, formatting), comprehensive control over access rights including read/write, read only, no deletions, graphical or text only interfaces.

Forms (Invoices, Credit and Debit Memos) – can be printed on local laser printers, generated automatically using the industry-standard Adobe Acrobat pdf format.

Reports – Key General Ledger reports can be analyzed by Department, Job and Activity, can be printed for any period (current or past) and can be compared with any previous period with multiple hierarchical levels; all reports are available in HTML and Excel versions.