Financial Overview
KA financial applications provide complete real-time integration. All KA transactions (e.g. receipts, shipments, invoices, paychecks) automatically create appropriate financial transactions, which are validated and passed to the appropriate applications. For example, invoices are passed to both accounts receivable and the general ledger. KA supports multi-currency, multiple taxation methods and multi-company operations, for comprehensive financial reporting.
Users can implement Activity Based Costing (ABC) utilizing many cost drivers and unlimited user-defined activities. Traditional costing methods are supported, including multiple standards, last cost, average actual cost, and simulated costs with effective dates. The capability to develop and analyze cost information is virtually unlimited.