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Cloud Financials
Foundry Bean Cloud
financial system can help you deliver accurate and timely financial
reports and decision making.
Receivable management contains a whole breath of
activities from managing customers , sending invoices , receiving
payment to collection activities.
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Automates revenue recognition in compliance with ASC 606
and other revenue standards and predict revenue forecasts for
contracts and subscriptions.
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Payables management store vendor information, vendor and
employee expenses , payment of bills
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General ledger is the core of accounting system.It
contains chart of accounts , financial calendar and is the
central repository of all sub ledger accounting data.
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Cash Management gives a consolidated view of all cash
transactions of business and provide an accurate picture of cash
position.
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General ledger
Foundry Bean Global
work system General ledger can help you deliver accurate and timely
financial reports and close the financial book.
FoundryBean Global Work System Accounting structure gives
the organization the ability to showcase various accounting
structure in a single company.
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Account generator creates the accounting for the
transaction and automates core accounting processes.
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»
Journals are automatically created from sub ledgers. Save
time using data import for manual journals.
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Roll up posted journals from subsidiaries automatically
to consolidate financial results without manual adjustments.
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Due to hierarchical accounting System , no need to change
Statements and reporting when you add a new account or any
financial data
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Receivable Management
Foundry Bean Cloud financial system can help you deliver accurate and timely financial reports and decision making.
All Customer related activities of creating order ,sending invoices, receive payment are automatically captured so that you have a 360 view of entire life cycle of customer engagement.
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Whether you bill monthly , quaterly , annually or one time , financial management automatically schedule invoicing in advance so that invoices are generated automatically on time.
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Create automatically subscription bill as par suscription billing schedule. Billing can be flat fee, usage based , volume based or tiered
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Receive customer payments in any form - cash , check ,credit card or bank transfer. Apply payment to multiple bills and match to open invoices.
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Foundry Bean simplifies Account receivables so that you get paid faster by sending automatic reminders and notice for overdue payments.
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Payables
Management
Foundry Bean Cloud
financial system can control expense and liabilities in the
organization.
Contains addresses , contacts , invoices , purchase
orders and payments to have a 360 degree view of the entire life
cycle of vendor engagement.
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»
Create manual invoice, invoice from purchase orders,
recurring invoice or invoice from expense reports.
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Record bill payment, search unpaid invoices, propose
payment batch, receive approval, confirm the payment and reduce
liability.
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Self service expense reports are created by employees and
approved by the managers . Expense reports are automatically
converted into invoices upon approval.
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Invoices and aging insight, detail and summary aging ,
payables analysis
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Cash Management
Foundry Bean Cloud
financial system enables organization to track and reconcile bank and
credit card accounts and provide an accurate picture of cash
position.
All cash transactions which affect the cash position of the
company is captured in cash management.Customer payments or
paying bills to vendors , payroll or expense reimbursements are
recorded in detail.
All the detail bank records are stored and uploaded in
cash management which shows the cash position in bank and helps
to track your spending, watch for suspicious activity and check
for errors.
Auto reconciliation of bank statement with cash
transactions reduces time spent by your accounting team and
increases the accuracy of your financial data
Journal entries are created automatically once the
transactions are matched which increases efficiency of accounting
team by eliminating time spent on manual journal entry.
Invoices and aging insight, detail and summary aging ,
payables analysis
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