Opera 3 Financials
Opera 3 Financials give you the integrated tools to fully control your business and processes, and to help drive it forward. With instant access to up to the minute financial data, you can efficiently track and analyse key information, improve productivity and make informed strategic decisions.
Opera 3 Financials includes:
Sales Ledger
Manage your customers efficiently and control customer records by creating profiles and trading terms, process invoices, credit notes, receipts and refunds. The Sales Ledger has built-in credit control facilities and improves cash flow by allowing tighter control in the management of customer payments, with calculation of average debtor days and revenue forecast.
 Opera 3 Sales Ledger
Click to enlargePurchase Ledger
Total management system for controlling supplier transactions. The Purchase Ledger has account level security with the ability to hold invoices for authorisation. Payment workflow is enhanced though BACS and cheque payment routines combined with e-mail remittance.
The integrated Purchase Invoice Register allows invoices and credit notes to be posted and remain in the register until they are authorised, giving you greater control over every document received. Payment workflow is enhanced though BACS and cheque payment routines combined with e-mail remittance. With back-to-back processing to the Fixed Assets application an Asset record can be created automatically when posting an invoice.
Nominal Ledger
Nominal Ledger includes analysis of Account, Type, Sub-type and Cost Centre plus two further user-definable levels providing access to historical financial data for up to 9 years.
Opera 3 offers open period accounting functionality, therefore transactions can easily be posted from other applications including Sales, Purchase, Cashbook and Payroll into any open period of the last, current or next 3 financial years. Other applications post to the Nominal Ledger by either batch update or real-time transfer. Budgets can also be applied at account or cost centre level with variance analysis and reporting.
Mis-posted nominal journal entries can be reversed and rectified quickly and accurately with the 'rectify journal' functionality.
Cashbook
The Cashbook allows the posting of transactions with full reconciliation facilities. Incomplete reconciliations can be saved and finished later.
 Opera 3 Cashbook
Click to enlargeCosting
Opera 3 Costing allows the tracking of job costs and revenues against budget. These costs can be broken down by a number of categories including Labour, Contractor, Direct Expense, Stock and Interim Billing. Any Timesheets raised for work on jobs can easily be transferred into Payroll to update employee records.
Multi Currency
Opera 3 handles unlimited currencies, exchange rates per transaction type and the calculation and recording of exchange rate fluctuations.
EC VAT
Opera 3 allows you to define and maintain the required information needed to produce EC Sales Lists (ESL) and Supplementary Declarations (SD). The EC Sales List report generates an XML upload file for submission via HMRC website.
If you are using foreign currency accounts, Opera 3 can generate the appropriate VAT rate codes for EC sales and purchases. EC VAT will then collect the information needed to produce the returns for trading with EU member countries.
Fixed Assets
Fixed Assets for Opera 3 maintains a complete register of your company's assets, helping you to stay in control of the resources your company has invested in. Opera 3 Fixed Assets will track their depreciation rates and maintain the correct net book value for them throughout their life cycle. It caters for all types of assets, including Finance or Operating Lease and Hire Purchase or Lease Purchase assets. Avoid misappropriation and make the most of your Assets value by managing them in the most efficient way.
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