Foundation and Accounting

Transaction Analysis

SunSystems combines unrivalled analysis power with a clean, easy to maintain Chart of Accounts. It does this with "smart transactions".

Smart transactions capture detailed analytical data directly at source, thus removing the need for long, complicated Nominal codes.

With SunSystems, you have greater flexibility to analyse activity by combinations of dimensions such as cost centre, property, project, product, location etc. Whatever is appropriate for your needs.

Multicompany

Multicompany support is standard for most business accounting systems, but SunSystems takes this further with support for configurations of each business as separate locales within one deployment.

Each company can have its own base currency, chart of accounts, and business rules to meet local requirements. Or multiple companies can share configurations within a single dataset for unrivalled speed, efficiency, and ease of reporting.

Multicurrency

SunSystems supports four currency dimensions for each transaction: transaction currency, base currency, reporting currency, and fourth currency.

This incredible multicurrency power gives customers the ability to address sophisticated requirements such as simultaneously reporting to local and group stakeholders in different currencies, or a charity reporting to its donors in the currency or currencies of their choice.

Multi-Tax

SunSystems tax capabilities can be configured to meet all domestic UK and most international taxation requirements.

With the addition of MTD for SunSystems, you benefit from electronic filing of VAT returns with HMRC.

Parallel Charts of Account

Multiple charts of accounts can be maintained for each company, making it easy to apply different reporting perspectives to the same financial transactions.

Acquired entities may continue to operate a historic coding structure, and different lines of business can utilise other structures that are more appropriate.

Parallel Books

In addition to the actual accounting transactions, another 10 books (transaction sets) are available for each company.

These books share the same accounting structure and setup, but hold separate transactions - allowing the capture of budgets and commitment transactions, as well as enabling adjustments to be recorded for alternative treatments (such as local GAAP, US GAAP, IFRS, or tax adjustments).