Finance & accounting ERP software

Profit4’s ERP accounting software features real-time data so that you have an up-to-date picture of your business’ financial performance and can react quickly.

With its seamless integration, Profit4 will pull sales data from all your sales channels, including your trade counter, website, Amazon and eBay.
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It also automatically calculates the impact of customer and supplier returns and reflects this in your financial reports.

Stock control sits at the heart of Profit4. In just a few clicks you can view your real-time stock levels at category and individual product level. There is also an unlimited number of product attributes available for you to search for and filter products by.

With its perpetual stock counts, Profit4 also ensures you never have to pause business to calculate your month end.

So that you can quickly identify dead stock Profit4 provides dead stock reports - where you’re provided with a list of product codes for stock that has a lower average usage rate.

Your stock valuation can be affected by a number of factors, such as cost adjustments. Profit4 makes stock valuation streamlined by automatically updating the value of moving stock.

Profit4 will automatically create shortage lists for those products that are low in stock. These shortage lists can then be reviewed and in just a couple of clicks converted into a purchase order.

You also have the option to automatically generate purchase orders for bestselling products, ensuring they are never out of stock.

The system will also raise and match a purchase invoice from a purchase order.

Profit4 enables you to setup automatic payments to suppliers via bank-to-bank transfers.

Profit4 enables you to easily track spending against budgets.

You can also customise user access, so that purchase invoices can be created by one team member and then automatically sent to the purchasing manager or business owner to approve before being placed with the supplier.

Profit4 will automatically issue an invoice to customers following a purchase. You can also setup email reminders within the system to be sent to customers, subsequently accelerating your collection process.

Profit4 enables you to add currency codes so that you can easily record transactions in the currency relevant to a supplier or customer.

To take account of fluctuating exchange rates, Profit4 provides currency revaluation functionality. This enables you to ensure your nominal posting and bank account are accurately reflecting the latest exchange rates.

Profit4’s VAT dashboard helps you to easily prepare and submit your VAT return. Simply click Prepare Return, select the VAT Authority and VAT Obligation dates and click calculate to automatically generate. You can then expand values within the report and make any necessary adjustments.

You can then submit your Return to HMRC directly from the system, as well as printing out a copy for your records.

Profit4 will automatically pull in data from your purchasing and sales to generate profit and loss reports for any given period. Simply set the date range you’d like to view and click to display or print the data.

Profit4’s Nominal Account (also known as the General Ledger) dashboard will provide a record of all financial transactions within your business - including wages, VAT liability and creditors/debtors.

The Nominal Analytics dashboard will display values posted within the accounts based on filters which you have defined, this enables you to easily view just the items that you’re interested in.

The Nominal Audit keeps a record of any changes and shows the old and new values, as well the name of the Profit4 user who has made the change, alongside a date and time stamp.

The Nominal Year End dashboard will ensure that all ledgers reconcile, necessary adjustments have been made and that the required reports have been run.

The Nominal Year End will also let you define how you’d like the system to set the budgets for the new year.

Profit4 will seamlessly connect to your bank accounts via its integrated Bank Feeds.

You can also ensure that the system and your bank accounts are in sync by running Bank Reconciliation reports – this will ensure that transactions taking place within your bank account are mirrored in Profit4 – so that its financial reports include all costs and provide a highly accurate view of your financial performance.

Profit4 enables authorised users to create workflows that automatically trigger payment-chasing emails (at preset intervals) or create follow-up diary events for your Credit Controller to call a customer. You can opt individual customers out of automated credit control with a simple checkbox.

Profit4 is a scalable system, which makes it a suitable option for smaller businesses and ensures it continues to meet your needs as you grow.

Profit4 is a modern, easy-to-use cloud-based ERP system. This means that it can be accessed via your internet browser from any location – enabling Directors and accounts teams to easily work from home.