Mitchell Humphrey’s FMS II General Ledger software provides unsurpassed flexibility and power. It enables you to gain maximum control over your financial and accounting…
Mitchell Humphrey’s FMS II Project Accounting software provides you with accurate and timely project information, which results in opportunities for tighter cost…
Mitchell Humphrey’s FMS II Accounts Payable software system provides the tools you need to meet current cash requirements while planning for future outlays. The system…
Mitchell Humphrey’s FMS II Accounts Receivable software system provides a complete billing, statement, cash receipts, and receivables management solution. No matter who…
Mitchell Humphrey’s FMS II Cost Accounting software system helps you evaluate financial performance for all types of manufacturing, maintenance, and construction jobs.…
FMS II General Ledger software provides unsurpassed flexibility and power. It enables you to gain maximum control over your financial and accounting operations.
With the FMS II General Ledger solution, you can:
Customize your chart of accounts. Segments in the account number, as well as the roll-up structure within each segment, reflect your unique needs. And you can define alternate roll-ups for each segment.
Store and report on multiple types of data, including both financial information and statistical data such as hours worked or units produced.
Get efficient and secure data updates. Whether the data is manually entered or imported from other systems, it’s subject to a full range of financial and security controls.
Seamlessly integrate with other FMS II systems and with all your external systems.
Perform allocations via one of the most powerful allocation mechanisms in the industry. With it, you can perform simple allocations, multiple levels of step-down allocation, and virtually any other computation you might require.
Manage your budgets with powerful budgeting tools. These tools can be used in the FMS II General Ledger software or in an optional budgeting ledger.
Gain a number of other features including support for special-purpose ledgers; support for multiple fiscal years; and storage of data at daily, weekly and user-defined intervals, as well as at the period level.
FMS II Project Accounting software provides you with accurate and timely project information, which results in opportunities for tighter cost controls, more profitable decisions, and improved project performance.
With the FMS II Project Accounting solution, you can:
Accommodate the unique way you do business. The system features a flexible chart of accounts which allows you to track project information by employee, asset, department, client, or any other category which is significant to you. Naturally, you can store both standard and user-defined data about each project. You can also customize other aspects of the system such as data entry screens and project approval procedures.
Gain powerful budgeting and project planning capabilities. Built-in analysis functions, including FMS-ONRAMP, our on-line analytical processing module, allow you to evaluate your progress vs. the plan. You can analyze performance over time (month-to-date, year-to-date, and project-to-date), measures of success (variance, percent variance, average cost), and projected costs based on percent complete, ratio of actual to budget, or user-defined assumptions.
FMS II Accounts Payable software system provides the tools you need to meet current cash requirements while planning for future outlays. The system saves you money by automatically calculating due dates and discounts in order to select optimal payment dates. And the system includes comprehensive cash requirements forecasting.
With the FMS II Accounts Payable solution, you can:
Ensure that you get what you pay for. It automatically matches the invoice to the purchase order. On-line tolerance checking verifies quantities and amounts. And the system automatically allocates expenses to the appropriate general ledger accounts.
Get a solution tailored to your requirements. The system handles virtually any kind of document including invoices, debit and credit memos, installment payments, etc.
Save substantial time and effort. For example, the system can perform automatic reconciliation using data provided by your bank. And 1099 reporting is included.
Achieve the efficiencies of a paperless office. Our imaging product, FMS-DocuView, allows you to conveniently store supporting payables documents electronically.
Automate the process of approving invoices for payment via FMS-StreamLine tool, our integrated workflow solution.
FMS II Accounts Receivable software system provides a complete billing, statement, cash receipts, and receivables management solution. No matter who your clients are, the system provides the tools you need to reduce manual effort and improve your control over your entire accounts receivable process.
With the FMS II Accounts Receivable solution, you can:
Save substantial time and effort by automating the computation of volume and prompt payment discounts, freight, sales and excise taxes, commissions, etc.
Streamline your collection process via the system’s user-defined age classes, up-to-the-minute aging information, and collection history module.
Improve your cash flow and profitability via special tools that help you to identify both profitable and problem clients.
FMS II Cost Accounting software system helps you evaluate financial performance for all types of manufacturing, maintenance, and construction jobs. You can track both committed and actual expenses by job. And you can quickly and easily compare those measures with budgeted expense, budgeted revenue, or actual revenue.
With the FMS II Cost Accounting solution, you can:
Accommodate the unique way you do business. You define the chart of accounts for your Job Costing ledger. You can include fields for department, job, cost category, client, asset, employee, or any other category which is important to you. And you can have custom descriptive data to define the details of each job.
Accurately determine the costs of products and services. The system supports Activity Based Costing, allowing more accurate measurement of overhead and indirect costs. By job, the system accumulates statistical data such as hours of machine time or units of production.
Save significant time and effort. If the Job Cost ledger is required to tie into the General Ledger, subsidiary systems such as Payroll and Accounts Payable can update simultaneously. Both ledgers will balance at all times with no extra effort on your part. And the FMS II Accounts Receivable system can automatically bill for jobs performed for clients using terms established per job.
Facilitate your budgeting process. You can budget at any level desired - day, week, month, or year. You can even budget by year for multi-year jobs. You can track revisions to the original budget using multiple budget files. And powerful computation techniques assist you in performing forecasts and what-if analyses.
Store and report on the data you need, the way you want to see it. All information - actual, commitment, and budget - can be reported at any level of detail you want, such as day, week, or month. Naturally, you can also report at summary intervals such as quarter, year, or job-to-date.
Astute management of the purchasing cycle is a key ingredient in controlling costs. Mitchell Humphrey’s
FMS II Purchasing software system provides you with the information you need to more effectively manage the entire cycle - from requisition through receiving.
With the FMS II Purchasing solution, you can:
Save significant time and effort by improving workflow. You can create specialized document types and rules-based document flows to support your unique needs for document control, processing, and accounting.
Take advantage of decentralized electronic requisitioning. Our FMS-WebLink tool gives remote users complete access to the FMS II Purchasing software system, using the same friendly, easy-to-use interface they would see in the local office.
Utilize vendor performance inquiries to improve your ability to negotiate favorable terms with vendors.
FMS II Fixed Assets software system provides you with all the tools and information you need to effectively manage your investment in fixed assets.
With the FMS II Fixed Assets solution, you can:
Save substantial time and effort thanks to a comprehensive integration with the FMS II General Ledger module. For example, the single action of disposing of an asset automatically generates all the necessary GL transactions. It logs the sale, records depreciation, gain/loss, ITC recapture, cost, and accumulated depreciation.
Eliminate manual calculations and accommodate all of your reporting needs. It includes full support for all standard depreciation methods and conventions, as well as for specialized methods such as days, machine hours, miles traveled, and units of service. And, the system accommodates FASB reporting.
Achieve the benefits of the paperless office. Capital budgeting makes use of our FMS-StreamLine solution for electronic approvals. In addition, you can take advantage of our FMS-DocuView imaging solution to store electronic images of asset-related documents such as warranties and service records.
Your considerable investment in inventory must be monitored and managed. Mitchell Humphrey’s
FMS II Inventory software system gives you an automated approach to effective physical control of materials at each location.
With the FMS II Inventory solution, you can:
Accommodate your unique needs for transaction processing, inventory classification, and accounting. For example, you define your own availability classifications such as back-ordered or in transit.
Facilitate effective cost management. The system helps you to identify slow-moving or obsolete items. It forecasts replenishment requirements based on user-defined reorder points, safety stock levels, minimum and maximum order quantities, and lead time.
Save time by simplifying physical to book reconciliation. The system automatically creates labels, tags, and count sheets. It tracks both count and recount data, as well as physical condition and comments.
Budgeting & Financial Planning
FMS II Budgeting & Financial Planning software makes entering your budget quick and easy. The system provides standard data entry screens or you can customize a budget entry program to suit your unique requirements. If you’d rather budget in your favorite spreadsheet, you can upload the results using our FMS-EXEC spreadsheet data upload/download tool.
FMS II Budgeting & Financial Planning solution, you can:
Automate many computations, saving you time and effort. For example, the system can base your new budget on a percentage increase or decrease from last year’s actuals or budget, distribute a single budget amount across multiple periods, or automatically compute allocations.
Gain better control over your the budgeting process. Quickly and easily attach supporting documentation and justification for your budget.
Automate the budget approval process via FMS-StreamLine, our integrated workflow solution.
More effectively use your budget to manage your business via powerful, intuitive inquiry and reporting tools which allow you to see how your actual performance measures up to your budget. Variance, variance percentage, unit variance, and virtually any other performance measure are at your fingertips.