Business Functionality

• 23/09/2024
• 14 minutes to read

Continia Finance provides distinct and specialized modules that cater to various finance-related requirements, ensuring a tailored approach to your financial management. Each module is designed to seamlessly integrate into your existing workflow, allowing for a smooth transition and uninterrupted operations.

The modular structure enables you to address specific needs without overhauling your entire system, enhancing efficiency and productivity. Each of the modules represents a specific area of functionality, and you can choose to add any modules you want. You add these using the initial setup guide, which you can access straight from your Role Center.

Below you’ll find a description of each of the modules, along with an overview of their respective features.

Essential

With the mandatory Essential module, you get a complimentary set of tools crafted to facilitate your financial management. The module provides a range of features that enhance clarity, efficiency, and accuracy in your financial operations.

With the Essential module, you get the following key features:

Feature	Included
Maintain original currency code in G/L entries
Use ledger entry comments
Create and use VAT key Codes
Define and use Fast Posting Codes
Print alternating shading
Colored hyperlinks in reports
Use extended features in Customer and Vendor Application page
Use extended features for Pmt. Discounts in Customer and Vendor Application page
Ability to use and display comments for each entry in G/L, customer, and vendor accounts
Specify balance confirmation codes
Specify dimensions for system postings
Continia Hub
CSV ports

Associations

This module allows you to group customers or vendors into an association and reconcile your associations using the extended application function, which displays the open entries of a regulatory authority (customer) together in the extended application. This enables you to easily apply the payment amount of the regulatory authority to the corresponding open entries in a single step.

The Associations module includes the following key features:

Feature	Included
Separate setup fields for associations
Merge any number of customers or vendors into an association
Link a customer with a vendor for clearing entries
Display all open entries belonging to an association
Create and manage associations through Association cards
Integrate and check credit limits for associations in journals and documents
Additional fields for managing associations
Handle split postings
Generate reminders including vendor ledger entries and association entries
Create and manage links between customers and vendors
Display current balances, net changes, and balances at specific dates for linked accounts
View detailed statistics for associations, including credit limits and sales data

G/L Open Entries

Enables you to post G/L accounts in open entries mode, allowing you to easily clear your accounts by building and posting open entries to your general ledger. The module simplifies bank account reconciliation, including handling transitory entries, accrued income, and prepaid expenses. Additionally, similar to customers and vendors, you can print retroactive open entries reports

The G/L Open Entries module includes the following key features:

Feature	Included
Create of open entries for G/L accounts similar to those for customers and vendors
Use the G/L Open Entries Setup page to configure the module for each company in Business Central
Create open entries for new entries only or for all existing entries based on the G/L account balance
Display hyperlinks to G/L accounts in blue in the "G/L Account – Open Entries" report
Use the same or different currencies for entries within one application
Activate/Deactivate the Build Open Entries option based on account balance and setup configuration
Menu item to view G/L entries with remaining amounts, showing additional columns like Remaining Amount and Open status
Apply open G/L entries similarly to customer/vendor entries, with integration to the Detailed Gen. Ledger Entries page
Access detailed G/L entries from the "G/L Entries Rem. Amounts" page

Extended Financial Reports

With the Extended Financial Reports module, you can streamline your year-end procedures and simplify the financial reporting process, providing accurate and comprehensive reports that offer deeper insights into your business's financial health. The module includes several useful features for businesses using financial reports in Business Central, offering enhanced flexibility through the use of account groups.

The Extended Financial Reports module includes the following key features:

Feature	Included
Enhanced display of entries for each G/L account
Improved display of (open) entries for each customer/vendor on the screen and in reports
Display balancing accounts in the preview of extended entries, with special handling if there are multiple balancing accounts
Display fixed asset numbers and names in the balancing account fields for two-line postings like depreciation
Options to allow changes to external document numbers on G/L and customer and vendor entry cards as long as entries are open
Additional fields and functions in the extended general ledger entries, such as balance, net change, balancing account info, and more
Open and print the extended detailed trial balance report prefiltered on the G/L account number
Printing of VAT entries overview for lines with set up account totals and a plausibility check based on the chart of accounts
Setup for flexible column layout, including options to print names or numbers of monthly columns
Availability of total-balance lists for G/L accounts, debtors, and creditors in DATEV layout, with filtering options and Excel output
Ability to make purchase VAT entries in sales invoices and sales VAT entries in purchase invoices
Enhancements to financial reports for balance statement creation, including detailed export to Excel and various filtering options
Setup and display of tipping accounts for customers with credit balances and vendors with debit balances
Option to export detailed financial report lines to Excel, with suppression of zero balances and customizable columns
Validation and cumulative transfer of VAT entries, including handling of reverse charge VAT and proof of VAT account

Extended Fixed Assets

The module enables the use of fixed asset templates to facilitate the creation of new assets. Additionally, it streamlines the process of rounding book values by automatically adjusting depreciation amounts. You can also save time by posting quantities on your assets and partially retiring them.

With the Extended Fixed Assets module, you get access to the following key features:

Feature	Included
Create and manage setup data for each company
Define fixed asset templates to speed up the creation of new assets by predefining standard fields and asset depreciation books
Acquisition value of fixed assets reduced by deducting payment discounts through purchase invoice payment.
Activation of a depreciation posting on the date of asset acquisition for additional acquisition postings
Retroactive depreciation postings on the starting date of regular depreciation for additional acquisitions within the same fiscal year.
Automatic posting in the FA Gen. Journal and subsequent handling of acquisition postings
Options for asset disposal, differentiating between scrapping and sales, with specific handling for scrapped assets
Specification and management of asset quantities
Partial disposal of assets, including the creation of new asset entries with reduced quantities and appropriate postings
Functionality for reversing acquisition and sales postings
Reversal of asset sales via credit memos, with automatic asset reversal

Installment Payments

This module allows you to set up installment payment templates for various payment models, streamlining the payment process so you no longer will have to repeatedly define payment splits. It efficiently handles different payment structures, enhancing accuracy and consistency in financial operations. The flexibility of these templates also enables easy adaptation to changing payment terms and conditions.

The Installment Payments module gives you access to the following key features:

Feature	Included
Define templates for different installment models to avoid repeatedly defining certain distribution processes
Specify the exact allocation of future installments manually or using the automatic splitting function
Create installment plans in sales and purchase documents (orders, invoices, credit notes) using templates or manually
Preview how the installment plan will affect the entries created, only available if a template is defined
Create an installment plan manually if the document is released, ensuring the remaining amount in the plan equals 0.00
After approval, view and modify the installment plan
Define an associated installment in existing customer entries
Reverse a posted installment within customer entries, reopening the originally posted invoice and balancing entry
Generated customer entries of an installment are posted and displayed based on module setup preferences
Ability to post installments when using different customer/vendor posting groups

Multi-Level Payment Discounts

The module helps you apply discount tiers, each with its own specific discount percentage and allows you to create and manage multiple levels of discounts tailored to different customer segments or purchase volumes. Additionally, it provides flexibility in adjusting discount tiers to suit changing market conditions or business strategies.

The Multi-Level Payment Discounts module gives you access to the following key features:

Feature	Included
Specify default payment discount settings and additional payment discount levels
Supports up to five payment discount levels beyond the default, with specific formulas and percentages for each
Calculation of due dates and payment discount data based on document date plus the value date formula
Automatically fills in respective fields in entries when posting an invoice or credit memo with assigned payment terms
View and manage multilevel payment discount entries directly from customer and vendor documents
Define and post multilevel payment discounts directly from any journal
Drill-down functionality into posted payment discount levels from ledger entries
Grant multilevel payment discounts retrospectively by creating corresponding records for entries
Pre-calculates and displays payment discount values based on the discount term

Treasury

The Treasury module provides a comprehensive view of all payment-related data, enabling you to efficiently manage and monitor your financial transactions. With this module, you can access detailed information on bank balances, open entries, and G/L entries across multiple companies. This centralized approach allows for better oversight and control of your treasury operations, ensuring that you have all the necessary data at your fingertips. By consolidating this information, the Treasury module helps you streamline financial processes, improve cash flow management, and make informed decisions based on real-time financial insights.

The Treasury module gives you access to the following key features:

Feature	Included
Cross-company views of all payment-relevant data including bank balances, open entries for customers and vendors, payment import journals, and payment proposals
Select specific companies or all companies for data display
Synchronizes ongoing movements and changes in data
Restrict view to individual Treasury companies

See also

New and Planned
Feature Management