Abacus Financials UK

Abacus Financials UK is an accounting application built on the Salesforce platform specifically designed for small to large-sized UK companies. According to the vendor, this software solution is aimed at accounting and finance professionals, as well as businesses in various industries such as business and professional services, retail, manufacturing, and banking, financial services, and insurance. Abacus Financials UK aims to streamline financial management processes and provide valuable insights for informed decision-making.

Key Features

Multi-Company: According to the vendor, Abacus Financials UK allows users to manage and consolidate multiple companies within a single platform, providing a centralized view of financial data across all entities.

Customer 360: According to the vendor, Abacus Financials UK integrates financial and CRM information to gain a holistic view of customer interactions, transactions, and financial history, enabling better customer relationship management.

Unified Ledger Accounting: The vendor claims that Abacus Financials UK ensures reliable and robust accounting with a complete audit trail for every transaction, ensuring accurate and transparent financial reporting.

Reports & Dashboards: According to the vendor, Abacus Financials UK provides customizable reports and real-time dashboards for in-depth financial analysis, offering multiple filter and drill-down capabilities.

VAT: The vendor states that Abacus Financials UK supports both cash-based and accrual-based VAT accounting methods, generating clear and accurate VAT reports, along with EC Sales Lists for international transactions.

Multi-Currency: According to the vendor, Abacus Financials UK allows users to handle transactions in multiple currencies with flexible exchange rates, automatically calculating foreign exchange gains and losses.

Treasury: The vendor claims that Abacus Financials UK provides tools for managing multiple accounts in various currencies, with automated bank reconciliation to ensure accurate cash control.

Flexible Accounting: According to the vendor, Abacus Financials UK allows users to tailor the accounts and analysis codes to match specific business needs, providing flexibility in organizing and categorizing financial data.