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Introduction
Ostendo allows you to manage the operational activity of your business and keep your existing accounting software. Business operations typically fall outside the scope of financial systems. Ostendo integrates these crucial activities into your business, ensuring that you have real time information for decision-making support. Ostendo therefore provides financial information covering:
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Customer Deposits |
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Sales and Job Invoicing |
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Customer Payment receipts |
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Bank Deposits |
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Ongoing Work In Progress and Job Costing |
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Inventory Control |
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Purchased Goods Received and Invoice Matching |
Information from these areas is posted to a 3rd Party Accounting system either by way of a separate interface (batch link) program created by Development-X or from an automated process initiated from within Ostendo.
Integration Options
Out of the box, Ostendo integrates with the following 3rd Party Accounting packages:
- Xero
- MYOB Classic
- MYOB AR Live (Desktop and Cloud)
- Reckon Desktop
- Reckon Hosted
- Quickbooks Online (QBO)
- Sage Pastel Evolution (Evolution prior to version 7)
- Sage Evolution Live (Evolution version 7 onwards)
- MoneyWorks
These can be divided into two groups:
- Batched Accounting Links uses a specific Ostendo Link Program to Post to (MYOB Classic, Reckon Desktop, Reckon Hosted, Sage Pastel Evolution)
- Automated Accounting Links use the Accounting Software's API software to Post to (MYOB AccountRight Live (Desktop and Cloud), Xero, Quickbooks Online (QBO), MoneyWorks, Sage Evolution Live)
ForBatched Accounting Links, you can use one of three settings to define how you wish to run the options
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Single-Currency Ostendo and Single-Currency 3rd Party Accounts. This is the default supplied with an initial Install. |
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Multi-Currency Ostendo and Multi-Currency 3rd Party Accounts. You would define other currencies as shown in this exercise to achieve this option. |
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Multi-Currency Ostendo and Single-Currency 3rd Party Accounts. This is a simple setting that allows you to have full multi-currency processing in Ostendo (Purchase receipts, Invoices, payments, statements, etc) but output local currency Journals to the linked 3rd-Party Accounting package |
This Document
The following will be covered in this document:
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Cost Centres |
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Base Mapping |
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‘T’ Charts |
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Integration with the 3rd-Party Accounting system |
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Sales Mapping |