Category: QAD Financials

Best Pricing Allows You To: Create price lists that accommodate a wide range of pricing situations Allow the system to determine best prices using flexible analysis codes Analysis codes allows the user to create groupings based on similar characteristics, such as region, salesperson, or item number. Advantages: Classify customers and products into groups Link analysis codes together to form sets Categories created by analysis codes impact pricing structure established for...

Establishing customer profiles is an essential prerequisite step in leveraging many helpful tools and functionalities within the QAD system. This blog will walk through the set-up of a customer record and other relevant fields. Step 1: Use Customer Create to setup new customers within your QAD system. Create an 8-character customer code and business relation code (note that this cannot be changed later), enter a Bill-To Customer code (if another...

Electronic Funds Transfer (EFT) is a convenient and simple way to send electronic payments to clients, vendors, or any other unit. Bank drivers are a key component in leveraging EFT; they are the programs that create files in the format that banks require and support multiple electronic funds transfers, including check, Wire, and ACH files Bank drivers offer several key benefits: Helps to ensure financial compliance KPI Automation speeds up...

QAD's Enterprise Material Transfer creates an easy and automated process for intercompany orders and transactions, but there are a few necessary elements that must be in place before this functionality can be leveraged. This blog walks through the set-up of the mandatory aspects of the EMT tool. Step 1: Set Up Supplier Profiles In Supplier Maintenance, make the desired to adjustments to the following fields: Send SO Price Yes -...

The fundamental ability to organize and keep track of supplier payments is a crucial characteristic of a successful company, and one that QAD makes accessible with its array of tools and flexibility that accommodate a wide range of complex needs. QAD offers two main tools to leverage for supplier payments: Supplier Payment Create (used for manual AP payments) and Supplier Payment Selection Create (used for electronic AP payments). Within both...

In any business, there is a need for a system to open and settle customer accounts. However, the makeup and size of company may necessitate different systems with varying levels of complexity. QAD’s Enterprise Edition Accounts Receivable module provides a couple of programs that allow users to apply customer payments with varying levels of complexity. This blog will walk through these tools and explain their distinct capabilities. Customer Payment Create...

Daybooks in QAD, commonly known in accounting as journals, are categorical distinctions that group general ledger transactions based on a mutual characteristic. They relate to specific menu programs that created the financial transactions, and are therefore helpful when it comes to viewing and analyzing specific types of transactions within the GL. Daybook codes must be included in all transactions written in QAD. Though they may vary based on a company’s...

QAD’s Excelerator allows users to easily and efficiently load data from Excel into QAD. It can be particularly helpful when data needs to be transferred between QAD applications. However, in order to leverage these benefits, users must be able to load Excelerator sets, or templates, into Excel. This blog will walk step-by-step through that process. Step 1: Selecting Template a. Go to Inbound menu b. Enter username and password c....

When handling intercompany orders and transactions, QAD’s Evaluated Receipt Settlement, or ERS, offers an efficient automated process for comparing receipts with purchase orders. ERS creates a low-risk system for ensuring accurate intercompany transactions while bypassing the wasted effort of matching receipts, invoices, and purchase orders. The specific benefits of QAD’s ERS include: Does not require any development Runs automatically, reducing risk of user error and increasing accuracy Supports fiscal receiving...

QAD’s Global Tax Management (GTM) tool makes it simpler for companies of any size or complexity to accurately calculate taxes. Users can designate taxes assigned to suppliers, customers, and items; tax zones based on ship-to and ship-from locations; choose when to calculate taxes; and many more accommodating variables. With the capability to accommodate any number of tax rates or legal reporting requirements for multiple countries within a singular database, GTM...