Strong financial management is at the heart of any successful business. Opera 3 Financials is at the core of the Opera system and enables you to track all revenue generated by the business and money owed. This visibility of cash flow is invaluable for your profit generation.
Opera 3 Financials integrates with the rest of Opera 3 so financial data can be accessed by other applications. It consists of the core Sales, Purchase and Nominal ledgers, as well as additional functionality to manage cash payments, handle multi-currency and make online VAT100 submissions.
With the Opera 3 Sales Ledger, you can customise your sales information by creating personalised views and incorporate all your customer profiles, trading terms, invoices, credit notes, receipts, refunds and adjustments. You can e-mail statements, invoice copies and debtors’ letters, and report on Aged Debtors now or as at any date in the past. It also simplifies revenue forecasting with automatic calculation of average debtor days for both individual customers and your entire company.
Reduce customer debts and improve cashflow with the Credit Management Centre. It integrates with the Sales Ledger and provides a series of key dashboard views for effective credit control. In addition, the Debt Management feature allows you to manage customer debt and build sophisticated and flexible debt correspondence into credit control procedures. You can create up to nine levels of debtor letters and e-mail covers, which can be e-mailed or posted.
With Opera 3, all your supplier transactions are securely managed from start to finish. Your cashflow is automated and improved with comprehensive cheque and BACS payment routines, email remittances (individual or batched), and the calculation of average creditor days. It gives you access to purchase information across multiple periods and allows you to report on Aged Creditors, now or as at any date in the past.
The Nominal Ledger includes analysis of Account, Type, Sub-type and Cost Centre plus two further user-definable levels as standard, giving you in-depth access at transaction level for the past 9 years. You can apply budgets at four analysis levels, for current or future periods and years, with full percentage variance analysis and reporting. Open Period Accounting offers a financial calendar where you can define up to 5 financial years with up to 24 periods in each.
With Cashbook you can post transactions directly from Financials or within Cashbook. The reconciliation function allows you to post unexpected entries, interrogate transactions and save incomplete reconciliations so you can finish them later.
Opera 3 handles unlimited currencies, exchange rates per transaction type and the calculation and recording of exchange rate fluctuations.
With Opera 3 Costing you can track job costs and revenues against budgets, and break down costs against a variety of categories including Labour, Contractor, Direct Expense, Stock and Interim Billing. Cost codes provide further summary level analysis, before drilling down to transactions in detail.
Opera 3 helps define and maintain the information you need to produce EC Sales Lists (ESL) and Supplementary Declarations (SD). The EC Sales List report generates an XML upload file for submission via the HMRC website. If you are using foreign currency accounts, Opera 3 can generate the appropriate VAT rate codes for EC sales and purchases. EC VAT will then collect the information needed to produce the returns for trading with EU member countries.
Keep track of your assets from the minute they become part of your company until you dispose of them. Opera 3 Fixed Assets will track their depreciation rates and maintain their correct net book value throughout their life cycle. It caters for all types of assets, including Finance or Operating Lease and Hire Purchase or Lease Purchase assets. What’s more, the Import routine makes it simple to import existing asset lists from a spreadsheet in bulk.
The Opera 3 Online Filing Manager supports the online submission of the VAT100 Return and is recognised by HMRC, helping you to submit your VAT 100 Return quickly, securely and accurately.