Accounts Receivable
Q7 Accounts Receivable lets you fine-tune your credit and collection processes with instant access to customer account information, control of aging periods and cash receipts management. Information migrates directly from the Invoicing component.
Key Functions
- Customer Profile
- Customer Contacts
- Credit Limit Control
- Received on Account Processing
- Account Credits, Discounts and Adjustments
- Aged Account Report
- Account Balance Report
- Sales Journal
- Cash Receipts Journal
- Customer Statements
- Past Due Notices
Accounts Payable
Good Accounts Payable management directly impacts the profitability of your trucking business. Knowing your cash requirements at a glance helps you improve cash flow, plus you’ll save loads of time. Q7 Accounts Payable gives you the necessary control to manage payables intelligently.
Key Functions
- Vendor Profile
- Purchase Orders
- Vendor Invoice Processing
- Recurring Expenses
- Lease and Note Payments
- Fuel Card Processing – Automatic and Manual
- Check Writing – Automatic and Manual
- Cash Requirement Report
- Purchases Journal
- Cash Disbursements Journal
- Account Balance Report
- 1099 Statements
- ACH Direct Deposit
Banking
The Q7 Banking program provides secure control of banking functions.
Key Functions
- Bank Statement Reconciliation
- Void Checks
- Create Daily Deposits
- Bank Transfers
Payroll
Q7 Payroll gives you a comprehensive, cost-effective, in-house payroll system so paying your employees is convenient, and most importantly, accurate. Security is imperative when dealing with payroll information. Data can be secured at multiple levels and confidential information such as social security number and pay rate may also be secured for select users.
Key Functions
- Employee Records
- Check Writing – Automatic and Manual
- Multi-State Payroll Support
- Tax Calculations – Federal, State, Local
- Earnings and Withholding Reports
- W2 Statements
- 941 Reporting
- Unemployment Tax Reporting – Federal and State
- 401K, Cafeteria, Other Tax Exempt Withholding
- ACH Direct Deposit
General Ledger
Q7 General Ledger acts as a repository of all your financial transactions across the system. Although most of the transactions come from the other Q7 components, the friendly and familiar format makes it easy to enter new transactions as well as reverse existing ones.
Key Functions
- Chart of Accounts
- General Journal Entries
- Account Detail Report
- Departmental Accounting
- Trial Balance
- Income Statement
- Balance Sheet
- Comparative Statements
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