I would like to learn more about Pegasus Software products and services.
Privacy Statement.
By submitting this form you are allowing Pegasus Software to contact you concerning your enquiry.
Contact Us

Software: Financials

 

Have you got complete

control of your cashflow?

Do you have complete visibility of your cashflow allowing you to make informed business decisions quickly? Perhaps your business growth is being hindered by your existing software failing to provide adequate financial forecasts, or do you face hurdles from managing multiple currencies?

 

Opera 3 is a complete financials package. It gives you real-time visibility into your cashflow so you can continually track revenue, and it manages unlimited currencies and exchange rates per transaction for ultra-simplicity. With Opera 3 Financials you can fuel business growth knowing you have all the financial information you need to make timely decisions.


 

“As a large scale producer in the produce industry, cost control is at the forefront of every business decision. Having a live picture and comprehensive insight into our costs at any point in time is crucial for decision making, minimising waste, and maximising profitability."

Tony Bartlett, Alan Bartlett & Sons

  • The applications within Opera 3 Financials are:

    • Sales
    • Credit Management Centre 
       
    • Purchase
    • Nominal
    • Multi Currency
    • Cashbook
    • Costing
    • EC VAT
    • Fixed Assets

    Sales Ledger

    The Sales Ledger has built-in credit control facilities so that customer account information is all at your fingertips. And it makes revenue forecasting easy with the automatic calculation of average debtor days for both individual customers and your entire company.

    You can e-mail statements, copy invoices and debtors letters. You can view your sales information in a way that is meaningful to you, as Opera 3 offers Views that you can customise. And of course, it caters for multi-currency and handles all your customer profiles and trading terms, as well as invoices, credit notes, receipts, refunds and adjustments.

    The Retrospective Debtors report in the Sales Ledger produces a list of outstanding customer debts as at a date specified, aged according to the length of time the debt has been outstanding. For example, to rerun your Debtors report at 31 December 2010, you simply enter that date and the report calculates the debtors position at that time. The report can be printed and output to Excel.

    >Watch the Retrospective reporting video demo

    Purchase Ledger

    With Opera 3, all your supplier transactions are thoroughly and securely managed from start to finish. Your cash flow is automated and improved with comprehensive cheque and BACS payment routines, e-mail remittances (individual or batched), and the calculation of creditor days.

    It gives you dynamic access to purchase information across multiple periods and you can view the information you need in the manner you choose.

    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. What’s more, with back-to-back processing to the Fixed Assets application, you can create an Asset record when posting an invoice to save re-keying information.

     

    The Retrospective Creditors report in the Purchase Ledger produces a list of outstanding supplier debts as at a date specified, aged according to the length of time the debt has been outstanding. The report can be printed and output to Excel.

    Nominal Ledger

    Nominal Ledger includes analysis of Account, Type, Sub-type, Cost Centre plus two further user-definable levels as standard, giving you access and in-depth analysis at transaction level for the past 9 years.

    Get management information and reports from Financials, Supply Chain and Payroll & HR. You can apply budgets at all four analysis levels, for current or future periods and years, with full percentage variance analysis and reporting. You can even easily change your year start date and maintain your data integrity.

    The Nominal Ledger offers the Open Period Accounting functionality. Transactions can easily be posted from other applications such as 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. Even mis-posted nominal journal entries can be reversed and rectified quickly and accurately.

    Cashbook

    With Cashbook you can post transactions directly from Financials, while the reconciliation function allows you to post unexpected entries, interrogate transactions and save incomplete reconciliations so you can finish them later.

    Costing

    With Opera 3 Costing you can track job costs and revenues against budgets, and you can break down costs against a variety of categories including Labour, Contractor, Direct Expense, Stock and Interim Billing. Group jobs under contract headings or post against option phase, and stay easily in control. 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

    If you trade within the European Union there are complex VAT rules you have to comply with regarding the importing and exporting of goods. These rules can be hard to follow and failure to comply can result in financial penalties. To help you, these complex rules are automatically built into Opera 3 EC VAT to make it easier for you to trade in Europe.

    Fixed Assets

    Keep track of your assets from the minute they become part of your company right until you dispose of them. 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. What’s more, the import routine makes it simple to import existing asset lists from a spreadsheet in bulk.

  • Nominal Ledger

    Flexible Chart of Accounts Account, Type, Sub Type, Cost Centre, Department and Project 
     
    Financial Calendar Define up to 24 periods 
     
    Rebuild Periods Allows period balances to be re-calculated if the Financial Calendar is adjusted during the fiscal year 
     
    Dimensional Analysis Cost Centre, Department* and Project* analysis 
     
    Group Analysis Group together Nominal accounts for additional reporting and analysis 
     
    Journals Reversing, Recurring, Retained (Skeleton) and VAT journals 
     

     

     

    Open Period Accounting Transactions can be easily posted from other applications such as Sales, Purchase, Cashbook, and Payroll into any open period of the current or next 3 financial years. Nominal Journals can be raised to the previous year. 
    Budgeting Budgeting at Account, Cost Centre, Department and Project level with import facilities from Microsoft Excel using Pegasus XRL
    Private Nominal Accounts Account details can be restricted to users who have had additional security applied
    Real-time or Batch Update Update Nominal accounts in real time or batch update from source ledgers
    Distribution Accounts Transactions posted to distribution accounts are automatically distributed to cost centres based on defined percentages
    Multi-Currency Nominal accounts can hold both base and currency period to date, year to date and previous year values
    Revaluation Currency bank balances can be re-valued at any time based on current exchange rates
    Transaction History Retain transactions and journal images for up to nine years
    User Definable Views* Define financial management Views with up to six levels of analysis, apply criteria filtering and graphical representation. Report across fiscal years and periods with transactional drilldown and easy export facilities to Microsoft Excel

     

     

    Transactional Drilldown Drilldown through user definable Views or Nominal accounts to period values, transactions and source documents

     

     

    Financial Reporting An extensive range of reports are provided as standard including the ability to define your own management reports (Profit & Loss and Balance Sheet)
    Consolidation Multi-company account consolidation providing group reporting facilities with the ability to consolidate ledgers with different operating currencies
    Excel Integration Information can easily be extracted from Opera 3 into Microsoft Excel with Pegasus XRL
    Customisable The Nominal Ledger can be customised to suit the specific requirements of your business
    Context sensitive Help Comprehensive and easy to use Help facilities

    Cashbook

    Receipts and Payments Can be processed in the Cashbook, Sales or Purchase Ledgers 
     
    Batch Processing Batches of Receipts or Payments can be posted together in a single transaction 
     
    Cashbook Types Allows the creation of multiple Cashbook types for Receipts, Payments and Transfers to match how transactions will appear on bank statements 
     
    Recurring Entries Set-up direct debit and standing order entries on a monthly, quarterly or user definable basis 
     
    Bank Reconciliation Includes transactional drilldown, ledger postings, the ability to save a partially completed bank reconciliation and the ability to produce the bank reconciliation listing as per the bank statement 
     

     


     


    Bank Transfers
     
    Transfer funds from one account to another

     


     


    BACS and e-Banking
     
    Allows payments to be processed via BACS and banking software

    Multi-Currency
     
    Create home and currency bank accounts

    Petty Cash
     
    Create any number of Petty Cash accounts

    Cheque & Remittance Advice
     
    Allows combined cheque and remittance advice production, to suit your company stationery

    Matching
     
    Easily match and remove any incorrectly posted transactions which will never appear on the Bank Statement

    Opening Balances
     
    Individual account set-up is simplified with the Opening Balances routine

    Transaction History
     
    Reconciled transactions can be retained for up to 99 periods

    Comprehensive Reporting
     
    An extensive range of reports are provided as standard

    Account View
     
    Provides reconciled and un-reconciled information, statement number and date range selection, transaction detail, statement line number and paying in slip reference

    Excel Integration
     
    Information can easily be extracted from Opera 3 into Microsoft Excel with Pegasus XRL

    Customisable
     
    The Cashbook can be customised to suit the specific requirements of your business

    Context Sensitive Help
     
    Comprehensive and easy to use Help facilities

    Sales Ledger

    Trade in Multiple Currencies Process transactions in any currency, with values recorded in the base and customers operating currency 
     
    Delivery and Head Office Unlimited delivery accounts with the ability to re-direct invoices and statements to Head Office 
     
    Trading Terms Define trading terms for an individual or a range of customers (eg payment terms, settlement discount and credit limit) 
     
    Credit Control Includes statement production, debtor letters, provision for bad debts, customer debtor days, statistical debtor analysis, customer notes and the ability to place customer accounts on stop 
     
    E-mail Integration Produce customer e-mails, statements and copy invoices, automatically generating a customer note for audit and reporting purposes 
     
    Multiple Contacts Unlimited contacts and the ability to apply up to six attributes against each contact, ideal for marketing campaigns and targeted mailings 
     

     


     


    Disputed Invoice Analysis
     
    Assign user definable reason codes against disputed invoices, with reporting facilities to highlight any trends and automatic customer note generation

     


     


    Statistical Debtor Analysis
     
    Includes average debtor days, turnover and Sales analysis for up to 99 periods

     


     


    Customer Notes
     
    Assign notes to customer records as a reminder or a task for others, with full e-mail integration

    Dormant Accounts
     
    Exclude any dormant accounts from Sales processing, searches and reports

    Transaction History
     
    Retain transactions for up to 99 periods

    Attachments 
     
    Attach multiple files (eg spreadsheet, Word document) to a customer account

    User Definable Views
     
    Define Sales Views with up to six levels of analysis, apply criteria filtering and graphical representation. Report across Sales periods with full transactional drilldown and easy export facilities to Microsoft Excel or Word

    Transactional Drilldown
     
    Drilldown through user definable Views or sales accounts to transactions and source documents

    Comprehensive Reporting
     
    An extensive range of reports are provided as standard

    Excel Integration
     
    Information can easily be extracted from Opera 3 into Microsoft Excel with Pegasus XRL

    Customisable
     
    The Sales Ledger can be customised to suit the specific requirements of your business

    Context Sensitive Help
     
    Comprehensive and easy to use Help facilities

    Purchase Ledger

    Trade in Multiple Currencies Process transactions in any currency with values recorded in both the base and suppliers operating currency 
     
    Ledger Account Specify an alternative ledger account to receive payments for this supplier eg a factoring house 
     
    Trading Terms Define individual terms or profiles to attach to supplier accounts, including settlement discount rates and supplier payment terms 
     
    Suggested and Automatic Payments Methodical payment routines that allow the progression of payments for suppliers from suggested payments to authorisation and through to generation of cheque and BACS payments 
     

     


     


    Cheque & Remittance Advice
     
    Flexible design allows the generation of a combined or individual cheque and remittance advice, to suit your company stationery

    E-mail Integration
     
    Send an email directly from the supplier account using contact information. This will automatically generate a supplier note for audit and reporting purposes

    Purchase Invoice Register (PIR)
     
    Use PIR to record Purchase Invoices and Credit Notes. Once authorised the transactions can then be posted to the Purchase Ledger to update the accounts and the Purchase analysis files

     


     


    Held Invoice Analysis
     
    Assign user definable reason codes against disputed Invoices, with reporting facilities to highlight any trends and automatic supplier note generation

     


     


    Multiple Contacts
     
    Unlimited contacts and the ability to apply up to six attributes against each contact

    Dormant Accounts
     
    Exclude any dormant accounts from Purchase processing, searches and reports

    Attachments 
     
    Attach multiple files (eg spreadsheet, Word document) to a supplier account

    Transaction History
     
    Retain transactions for up to 99 periods

    User Definable Views
     
    Define Purchase Views with up to six levels of analysis, apply criteria filtering and graphical representation. Report across periods with full transactional drilldown and easy export facilities to Microsoft Excel or Word

    Transactional Drilldown
     
    Drilldown through user definable Views or Purchase accounts to transactions and analysis

    Comprehensive Reporting
     
    An extensive range of reports are provided as standard

    Excel Integration
     
    Information can easily be extracted from Opera 3 into Microsoft Excel with Pegasus XRL

    Customisable
     
    The Purchase Ledger can be customised to suit the specific requirements of your business

    Context Sensitive Help
     
    Comprehensive and easy to use Help facilities

    Costing

    Contracts, Jobs and Phases This flexible structure provides extensive control, monitoring and reporting of Contracts, Jobs and Phases 
     
    Estimates Full Estimate processing with budget forecast and Quote production facility. A Job can be created from an Estimate without the need to re-key the information and an Estimate can be used more than once

     


     


    Cost Types
     
    Use an extensive range of Cost and Revenue cost types including: Direct and Recharge Expense, Labour, Contractor, Stock, Retention, Interim & Final Billing, Overhead and Retention

    Cost Code Analysis
     
    Create unlimited Cost Codes, linked to Cost Types, to give unlimited analysis of cost and revenue transactions, overheads and budget comparison

    Cost Rates
     
    Allows up to 999 Cost Rates to be used at Contract or Job level. If a change of rate is required this can be applied at transaction level, applying the appropriate cost from the Cost Code

    Budgets
     
    Actual and revised budgeting facilities

     


     


    Revenue 
     
    Revenue postings created in Costing can generate detailed Documents in Invoicing or SOP. Choose to Invoice by individual Cost lines, Frameworks, Cost Types or a direct value

    Integration 
     
    Real-time integration with Opera 3 Financials, Supply Chain Management and Payroll & HR means transactions are only required to be processed once

    Batch Processing
     
    Use Batch Processing to enter batches of Timesheets or Costs for a range of Jobs in one efficient process

     


     


    Payroll Transfer
     
    Employee Timesheets processed in Costing can easily be transferred to Payroll, saving the need to re-enter the information

    Frameworks
     
    Group associated Cost Codes and apply to Jobs and Estimates to simplify the budget process

    Department Analysis
     
    Add further analysis by introducing an optional Department code against Jobs and Estimates

    Transactional Drilldown
     
    Detailed, multi-level transactional drilldown at Contract and Job level

    User Definable Views
     
    Define Costing Views with up to six levels of analysis, apply criteria filtering and graphical representation. Report across periods with full transactional drilldown and easy export facilities to Microsoft Excel

    Global Cost Codes
     
    Provides the ability to perform a global update of Cost Codes, including the option to increase any overhead values

    Comprehensive Reporting
     
    An extensive range of reports are provided as standard

    Excel integration
     
    Information can easily be extracted from Opera 3 into Microsoft Excel with Pegasus XRL

    Customisable
     
    Costing can be customised to suit the specific requirements of your business

    Context Sensitive Help
     
    Comprehensive and easy to use Help facilities
  • Credit Management Centre

    Manage your cash flow, reduce customer debt and improve the overall financial position of your business with Credit Management Centre. It provides a consolidated view of your business so you can quickly see what is owed, who owes it and when, with easy to understand, real-time graphs.

    Knowing who owes what and when they will pay is key to managing your customer debts. The Opera 3 Credit Management Centre is designed to improve your credit control processes which will help increase your cash flow, reduce bad debts and improve the financial position of your business. See it in action!


Downloads Available

Opera 3 Brochure Fixed Assets datasheet Nominal Ledger datasheet Purchase Ledger datasheet Sales Ledger datasheet Cashbook datasheet EC VAT datasheet Multi Currency datasheet Costing datasheet