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Knovalent Automotive

An accounting software system designed by Knovalent for distribution/wholesale trade companies.
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Since the launch of this solutions suite in 1988, Knovalent has delivered business systems that meet the unique requirements and needs of automotive suppliers like you.

Knovalent Automotive incorporates your automotive requirements—AIAG standards, EDI, Release Accounting, Bar Coding Activity-Based Costing, Manufacturing, and Distribution functions—into a proven solution.

Accounts Payable

Features Include:

  • On-line 2-way or 3-way matching with purchase order and receiver(s)
  • Forced matching with secured password
  • Matching tolerances on quantity, price, and extended amounts
  • Purchase price variance reporting and booking
  • Multiple GL distributions per invoice line
  • Supports Sales and Use tax, GST, and VAT
  • Supports multi-currency - calculates and books realized and unrealized gain/loss on currency
  • Automatic creation of GL journals
  • Recurring payables
  • Vendor debit and credit memos
  • Multiple addresses per vendor
  • Check voiding

Accounts Receivable

Features Include:

  • Automatic cash discount calculation
  • Adjustment can be entered during cash application write-off or bill-back with specific descriptions and customer bill-back document
  • Create debit or credit memos per account - in cash application or from separate menu option
  • Automatic creation of AR invoices from OSI Invoicing application
  • Multi-currency AR - automatic gain/loss calculation and booking - earned and unearned
  • Tracks allowed and unallowed discounts and deductions by reason code
  • User-defined aging periods
  • Supports partial payments, payments on account, and non-AR cash
  • Customers may be national account, pay-from or bill-to Unlimited customer groups for reporting and analysis
  • Customer statements - optional finance charge calculation and application
  • On-line inquiries of cash, customer accounts and payments, customer histories

General Ledger

Features Include:

  • Application journal interfaces from all major Knovalent Automotive applications
  • General journals
  • Standard journals
  • Recurring journals
  • Reversing journals
  • Allocation journals - including allocation from groups of accounts/departments to other account/department groups
  • Statistical or memo accounts
  • User-defined financial statements using the GL financial statement report writer
  • Printed or on-line financial statements
  • On-line inquiries by account or transaction - up to three years of history available on-line

Inventory Management

Features Include:

  • Inventory balances by plant, warehouse, stock location and lot
  • On-line visibility of on-hand and work-in-process balances with drill-down to stock location and lot and transaction history
  • Visibility of WIP by item and pay-point (and optionally by lot and work order)
  • Business rules for each item are established by location: an item may be manufactured in one location and a ‘buy’ item in another-with appropriate rules and defaults by location
  • Lot control for vendor lot and internal item/lot through the manufacturing process, traceable to shippers-with on-line or hard-copy traceability
  • Multiple methods of costing and valuing inventory, including current standard, frozen standard, rolling average, and last actual cost

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