DTR Software: Plastics-specific Finance

Accounts Payable

DTR Plastics software’s accounts payable feature is fully integrated into the general ledger to support centralized cash management for multi-plant environments. Accounts payable uses vendor file information to ensure that your checks are processed accurately. You can create checks for open invoices by date or vendor range, process check runs for a specific class (e.g. employee reimbursements, raw materials), calculate 1099s, generate aging and cash requirements reports, and hold payments to prevent inadvertent processing. 

• Determine your costs
• Identify suppliers you owe and pay them at just the right time
• See your cash requirements

Accounts Receivable

You can create customer invoices with little effort using DTR Plastics software’s batch invoicing program. You have the flexibility to perform routine invoicing by referencing sales orders, packing lists, the customer summary and/or non-inventoried items. Additional functionality of interest within the accounts receivable application includes current aging information within collection notes, check reconciliation features, ability to verify credit limits, discounting, and identifying outstanding invoices for application of payments.

• Configure invoice documents by customer and/or plant location
• Access up-to-the-minute aging information
• Reconcile checks
• Quickly view outstanding invoices and apply payments
• Post partial payments
• Email documents and reports

Cash Disbursement and Check Printing

Automatically select and remit your invoices in DTR Plastics software. You can generate checks for all open invoices by a specified due date or by a vendor range for a single plant location or all locations. You have the flexibility to automatically process check runs for specific classes. For example, print checks just for raw material purchases, commissions, or employee reimbursements. If your staff needs to respond to a last-minute request after the automatic check selection has been processed, users can easily select other invoices to include in the check run. It’s never been easier to provide immediate answers and quick responses to inquiries. While on the phone, your employees can quickly obtain information as to when a particular check was issued, identify the check number, and determine which invoices were paid.

• Quickly generate checks based on your specific criteria (due date, vendor, employee, etc)
• Provide immediate answers to employee inquiries

Cost Centers

Cost centers within DTR Plastics software can be used in the income statement to assist your management team in analyzing and managing costs. Your staff can take advantage of cost centers to establish budgets by department, auto-split expenses by account/cost center, and print income statements for individual cost centers or a group of costs. You also can cross reference cost centers, comparing and contrasting expenses, to combine several centers across multiple branches and/or departments for financial reporting.

• Analyze and manage costs across your organization
• Save time on data entry as general ledger accounts/cost centers flow through the entire system

General Ledger

The general ledger contains the comprehensive information you need to exercise full control over your financial operations. Information from customer invoices, cash receipts, vendor invoices, cash disbursements, unrecorded liabilities, and payroll posting feeds right into the DTR Plastics software general ledger for further analysis. The integrated flow of information provides enhanced visibility and reduces time spent on manual journal entries into the system. With detailed financial data conveniently summarized in one location, your accounting staff can quickly validate and/or update information within the general ledger, bring forward the final balances, and close out the accounting period. Once the month-end closing is performed, authorized users may go back into the system and re-open the period.

• Easily keep your accounts up to date and close periods
• Quickly review, update, and validate balances
• Continue making transactions while a prior period or year is open
• Determine cash requirements needed to meet payables this week, next week, next month, and beyond

Subsidiary Journals

DTR Plastics software subsidiary journals such as the customer invoice, cash receipts, vendor invoice, and cash disbursements have a consistent look and function in the same way within the application. The journals can be viewed in an edit/preliminary format. Your accounting team can then easily review each entry and make corrections as necessary prior to posting items in the general ledger. Postings (summary or detail) may be made daily, weekly or monthly based on your accounting procedures. What’s more, you can monitor the recording of invoices by employee and track edits made on the entries.

• Schedule recurring journal entries for a period of time you specify
• Post transactions in summary or detail and drill down into the supporting data