10 Lesser Known Features of Epicor ERP Financials

    Epicor ERP Financials

    10 Lesser Known Features of Epicor ERP Financials

    Epicor ERP financial management is is a key component of Epicor's ERP offering. The following ten are great features in Epicor ERP Financial you may have heard of, but might not be using yet. Better still, these features are available for Epicor 9.05 and Epicor 10 applications. If you're not sure how to access them, try connecting with the Datix team today.

    Asset Mass Changes

    As the name states, this feature is used to issue mass changes to assets. This includes changing the depreciation parameters, an asset group or asset class. The mass update occurs only for values in the default register, leaving other registers unaffected. From the main menu go to Financial Management> Asset Management> Setup and then open Asset Mass Changes.

    Auto Retrieve Invoices

    Used in the AR Invoice Entry or AP Invoice entry programs to activate auto retrieval of invoices for the current group. Recalculation, after it is enabled, occurs each time a line is saved. To use this feature open Invoice Entry and from the actions menu select Auto Retrieve Invoices.

    Balance Control

    Found within the General Ledger module, Balance Control can be used for the following methods:

    • Include in detail balance
    • Include in summary balance
    • Opening balance on P/L

    Also, you can display daily amounts with chart, summary, or detail views.

    Access this feature from the main menu then go to Financial Management >General Ledger>Setup and open Chart of Accounts.

    Automatic Transaction Reversal

    Cancel a posted journal with Automatic Transaction Reversal. Typically used if you preview a consolidation in an intermediate book and find an error. After you make the changes you need to, run the Consolidate to Parent program to re-post. Use this feature by going to Financial Management > General Ledger > General Operations and then open Automatic Transaction Reversal.

    Batch Balances

    This feature uses the GL Batch Balances Process to maintain the GL balance records in batch mode. Companies with a high volume of daily transactions and companies which do not review GL transactions daily will find this useful. Batch Balances is found from the main menu: Financial Management > General Ledger > General Operations and then open GL Batch Balances.

    Copy Invoice Lines

    Use the Copy Line Invoices option to give you the ability to adjust post invoices with errors. To use this functionality go to Financial Management > Accounts Receiveable > General Operations > Invoice Entry and from the actions menu select Copy Invoice Lines.

    Currency Accounts

    Epicor allows you to set up natural segments in order to hold balances in multiple currencies. Currency balances can be revalued via the G/L Currency Revaluation process and used in General Ledger reconciliation.

    General Ledger Import

    Use the General Ledger Import process to import data from other applications into Epicor. Keep the file in CSV format and follow the GL import file template. This process is found in Financial Management > General Ledger > General Operations, and then by opening General Ledger Import.

    Generate Shipment Invoices

    Create invoices directly from packing slips, which you can set up to run at specific intervals. Found by going to Financial Management > Accounts Recievable > General Operations, and then by opening Generate Shipment Invoices.

    Customer Tracker- Aging Sheet

    The aging sheet calculates the year-to-date totals for the current invoices a customer has paid. It allows you to then compare the amounts to last year’s totals. To use, open Customer Tracker, then go to Financial > Invoices > Aging. It is useful to view AR aging by customer in the dashboard.

    Get more help with Epicor, or Epicor Implementation.

    Your take:

    How have you used these features in Epicor? What features do you use the most? Let me know about your experience by commenting below. 


    Matt Schuval

    Matt Schuval

    Matt, the Chief Executive Officer at Datix, is a thought leader in the ERP community and President of the Epicor Partner Council. He has a strong industry background that has allowed him to transform Datix into one of the top enterprise software consultants in the U.S.

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