Third Party Financial Applications

Question 1

Accounts Payable

Answer 1

The ability to track the flow of money into the liability account when they receive invoices and out of it when they make payments.

Question 2

Budgeting

Answer 2

Tool to aid in the automation and overall process of the facility annual budgeting process.

Question 3

Fixed Assets

Answer 3

Contains all the necessary tools to maintain, track and control organizations fixed assets.

Question 4

General Ledger

Answer 4

Contains all the accounts for recording transactions relating to a company’s assets, liabilities, owners’ equity, revenue, and expenses.

Question 5

Human Resources

Answer 5

A solution that tracks the set of individuals who make up the workforce of an organization.

Question 6

Payroll

Answer 6

The sum of all financial records of salaries for an employee, wages, bonuses, and deductions.

Question 7

Time and Attendance

Answer 7

A system to record when employees start and stop work, and the department where the work is performed.