Aqilla operates in real-time across multiple periods and multiple user-definable calendars to support fiscal and management reporting. This cloud-based finance and accounting platform ensures your organisation’s needs will always be met, regardless of the complexity.
Aqilla operates in real-time across multiple periods and multiple user-definable calendars to support fiscal and management reporting.
An inherently flexible coding structure combined with account categorisation allows for the grouping of financial information for statutory (GAAP, FASB, IASB, IFRS and Sarbanes-Oxley) or management reporting purposes. Information can be linked and grouped for almost unrivalled hierarchical analysis. Users can opt to start quickly with a ready made template based chart of accounts or construct their own to reflect the needs of their business or organisation.
By combing the integrated ledger model with multiple calendars which securely control posting across open periods, complex month end procedures and data clear-down processes are consigned to history.
Financial and non financial analysis (including text and statistical value data) can be linked to reference information, document headers and / or at line level for budgeting and reporting purposes supporting full spend management, revenue control and unlimited customised break-out reporting.
You can account for any number of companies in an Aqilla instance. Many Aqilla clients account for more than one legal entity and frequently operate in several jurisdictions – needing to meet both local and group statutory and management reporting requirements and often using different base currencies.
Aqilla provides extensive multi-currency capabilities
throughout its ledgers. When a ledger is set up, you define which currency is the base currency (e.g. Pound Sterling, Euro, US Dollar, Japanese Yen, etc.). Each transaction that is entered into the system may be entered in this base currency or as a foreign currency.
Frustrated with a lack of functionality and cumbersome reporting, the company’s CFO recognised the need for software which could provide a better way to manage the growing company’s accounting information and contribute valuable insights.