Name: FinTaxSys
Author: Asesoweb Profesional

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FinTaxSys is a comprehensive financial management software designed specifically for hotels and related businesses in Latin America. It serves as a solution for accounting, sales, purchases, costs, fixed assets, and reservations, making it suitable for small to large hotels and businesses in the tourism sector. According to the vendor, FinTaxSys caters to a range of professions and industries, including hotels, restaurants, golf courses, shopping malls, and theme parks, providing them with tools to streamline their financial operations.

## Key Features

**All-in-one Financial Management**: FinTaxSys offers a suite of features that cover accounting, sales, purchases, costs, fixed assets, and reservations. It aims to serve as a centralized platform for managing various financial aspects of a hotel or related business.

**Centralized Data Management**: According to the vendor, FinTaxSys allows businesses to centralize their accounts receivable, accounts payable, fixed assets, warehouse, and point of sale. This consolidation of data aims to provide a comprehensive view of financial information in one place, facilitating easier tracking and analysis.

**Cutting-edge Technology**: The software incorporates the latest available technology, aiming to ensure high performance even with multiple users. The vendor claims that it leverages advanced technology to optimize software functionality, providing a seamless and efficient user experience.

**Real-time Financial Monitoring**: FinTaxSys enables detailed monitoring of the financial state of the company at any given time. According to the vendor, users have real-time access to financial data, empowering them to make informed decisions based on up-to-date information.

**Simplified Tax Filing**: The software generates all tax models directly from FinTaxSys, aiming to eliminate the need for complex spreadsheets and save valuable time. According to the vendor, it simplifies the tax filing process through automated calculations and reports, aiming to ensure accuracy and compliance.

**Specialized for the Tourism Sector**: FinTaxSys is specifically tailored for hotels of any category and other businesses in the tourism sector. It aims to cater to a wide range of establishments, including hotel chains, all-inclusive resorts, luxury hotels, and boutique hotels. Additionally, it is suitable for businesses in the tourism services industry, such as amusement parks, shopping malls, and golf courses.

**Modular System**: FinTaxSys is designed as a modular system, allowing for customization to fit the specific needs of each hotel or business. According to the vendor, all modules are interconnected, ensuring seamless integration and data flow. The software offers parametrization options, enabling personalized functionality for each company.

**Efficient Financial Control and Analysis**: With FinTaxSys, businesses can exercise comprehensive financial control and analysis. The software provides tools and reports to track expenses, monitor revenue, analyze profitability, and identify areas for improvement, aiming to empower businesses to optimize their financial performance.

**Streamlined Reservations**: The software includes reservation management functionality, allowing hotels and businesses in the tourism sector to handle bookings efficiently. According to the vendor, it provides a centralized system for managing reservations, aiming to ensure smooth operations and effective customer service.

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FinTaxSys

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

Asesoweb Profesional

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

FinTaxSys

Overview

What is FinTaxSys?