Income and expense tracking system by Bimp: features and benefits

 

Income and expense tracking system by Bimp: features and benefits

 

Bimp offers a modern and customizable ERP system for financial management. You will get automated financial accounting and full control over cash flow. Make payments and plan your budget, while a unified automated accounting system will help avoid financial risks and optimize expenses. 

Functions of the "Finance" module:

  • automation of financial accounting;
  • control of income and expenses;
  • budget planning and forecasting of financial results;​
  • liability management, monitoring of loan, credit and investment statuses;
  • payment management: creation of a schedule of payments and receipts using the payment calendar​;
  • submission and approval of expense requests according to the company’s needs;
  • transfers between accounts.

Thanks to the Bimp ERP system, you can integrate with banks (Monobank, PrivatBank, and others) and payment services (Monopay, Wayforpay, and others). Make payments to suppliers easily and quickly, while our accounting system automatically updates the company's balance and generates financial reports in real time. This allows you to analyze liquidity and forecast future expenses and income.

Who is the Bimp finance management system suitable for?

The ERP system is easy to implement and suitable for any product-based business, except offline retail.

For distributors

For manufacturers

For online stores

For importers

For warehouse business

For logistics companies

The "Finance" module will be useful for:

  1. Financial directors and accountants.
  2. Financial planning specialists.
  3. HR managers.
  4. Investors and financial partners.
  5. Operations managers.
  6. Auditors and consultants.

What problems does Bimp financial accounting solve?

Bimp financial accounting helps businesses eliminate common issues related to cash flow management.

1. Lack of complete data on the company’s financial status. The Bimp ERP system provides full control over cash operations and offers centralized access to financial data.

2. Uncontrolled expenses and scattered payments. In the accounting system, you can create a request for funds issuance to cover current company needs and track the history of all financial transactions.

3. Errors in financial accounting. Avoid the risk of miscalculations thanks to integration with banking systems and payment services. Conduct payments using counterparties’ details quickly loaded from government registries directly into the system card.

4. Cash gaps and payment delays. Bimp offers tools to track incoming payments from clients as well as to manage balances on accounts receivable and accounts payable debts.

5. Lack of fast financial reporting. Our accounting system automatically generates financial reports (P&L, Cash Flow, balance sheet) based on completed transactions. Analytical dashboards instantly track key metrics.

6. High expenses on financial management. Automation of financial accounting reduces the workload on accounting and finance departments.

Automated financial control ensures coordinated operation of all business processes. Financial accounting is linked with warehouse, production, and sales, which facilitates the company’s work at all stages.

Financial accounting setup from Bimp

  1. Payment calendar in Bimp

This is an effective tool for managing financial flows, allowing you to control receipts, planned expenses, and avoid cash gaps. It automatically records all payments made in the system: payments from customers, supplier expenses, salaries, and more.

The calendar enables viewing data for any period, analyzing account balances, and manually adding planned payments. This helps timely assess financial risks, plan expenses, and make informed business management decisions.

  1. Cash movement in Bimp

Provides detailed analysis of the company’s income and expenses for any period. Track key indicators of the company’s account balances and monitor balances in different currencies.

  1. Budgeting in Bimp

With budgeting, you can clearly define your financial goals and strategies for any period—from one day to a year. Bimp enables forecasting income, expenses, and optimizing business processes, helping you achieve better results.

You can also create a sales plan, and our ERP system distributes this data according to periods, allowing you to keep full control over finances.

  1. Request for funds issuance in Bimp

This financial document allows you to request funds from the cash register or account to cover current expenses: payments to suppliers or material purchases. Creating a request in Bimp takes just a few minutes. Thanks to the automated interface, all bank account details are automatically pulled from the directory, simplifying further processing and analysis of financial transactions.

Advantages of using income and expense accounting from Bimp

Implementing an ERP system provides a number of important benefits:

  1. Accurate cash flow accounting. Monitor the movement of funds in real time: track income, expenses, and account balances with just a few clicks.
  2. Simple budgeting. Create budgets for a month or a year, customize them to your needs, and forecast future income and expenses.
  3. Integration with banks and payment services enables quick and easy payments.
  4. Instantly track all financial operations, receive automatic reports, and control expenses within a single system.
  5. Effective financial management. Avoid cash gaps and unplanned expenses.

Bimp's financial accounting unites all financial operations within a single system under your control: from planning income and expenses to accurate cash flow accounting.

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Free access to the Bimp ERP system

Try free access to the system for 14 days, with all features fully available. Take advantage of this opportunity to explore the service. If you have any questions, you can always contact our support team.

Submit a request on the website now and receive a free consultation from our experts with a demonstration of the ERP system’s functionality. They will help you implement automated inventory management quickly and cost-effectively. Bimp is always happy to support your business!