General ledger and finance in the Service ERP.
Manage your general ledger, financial transactions, cost centres, revenue recognition and fixed assets from one connected system. Keep your financial records linked to billing, purchasing, customer contracts and service operations, helping your finance team maintain accurate accounts and understand how different areas of the business contribute to overall financial performance.
Why this domain exists
Understanding your business’s financial position requires more than knowing how much money is coming in and going out. You also need to understand where revenue is generated, what your operations cost and how individual contracts, branches and activities contribute to profitability.
When financial management is separated from day-to-day operations, your finance team may need to manually transfer information between systems, reconcile transactions and piece together reports from different sources. This can make financial reporting more time-consuming and limit visibility into business performance.
Nucleus connects general ledger and financial management to customer billing, purchasing, service contracts and operational activity. Your finance team can work with financial information that reflects what’s happening throughout the business, reducing the need to recreate records in separate systems.
With integrated financial management, you can track revenue and expenses, allocate costs and maintain accurate financial records while giving your team better visibility into business performance.
Important functionality
MF17 brings together the core financial information needed to manage your accounts, track business expenses and maintain accurate financial records.
- Chart of accountsOrganise and manage your financial accounts, providing a structured way to record transactions and track revenue, expenses, assets and liabilities.
- Cost centresAllocate revenue and expenses to different areas of your business, such as branches, departments or service activities, helping you understand where costs are incurred and how different operations perform.
- Revenue recognitionManage the recognition of revenue in line with the relevant contracts, billing arrangements and service activity, helping ensure financial records reflect the income earned by your business.
- Fixed assetsMaintain records of company-owned assets, including their financial value and depreciation, helping your finance team manage assets throughout their lifecycle.
A week in the life of the books
Invoices generated through accounts receivable are recorded in the general ledger, keeping customer billing and financial records connected.
Supplier invoices and relevant service costs are reflected in the accounts, helping your finance team maintain an accurate picture of business expenses.
When a customer receives a credit, the adjustment is recorded against the relevant transaction, maintaining a clear record of the change.
Your finance team reviews transactions, reconciles accounts and prepares financial reports using information already recorded throughout the business.
What has to be true on the same record
Your customer invoices, supplier purchases, service contracts, operational costs and financial reporting all need to be connected.
With Nucleus, financial information stays linked to the transactions and activities behind it, helping your finance team maintain accurate accounts, understand business costs and make informed decisions based on financial and operational performance.
Works with
Connect customer invoicing and accounts receivable to the general ledger, keeping revenue and outstanding balances reflected in your financial records. Open MF15
Bring supplier invoices and purchasing costs into your financial accounts, helping maintain accurate expense records and accounts payable balances.
Keep financial information connected to customer contracts and service agreements, supporting revenue recognition and contract-level financial reporting.
Use connected financial and operational information to analyse revenue, expenses and profitability across different areas of your business.
From the business
"We have been with CO3 Technologies since 2014, and what truly sets them apart is their ability to deliver both outstanding customer service and technical expertise. Their team is always responsive, knowledgeable, and dedicated to helping us achieve our goals. CO3 Technologies has been a key partner in our success, and we highly recommend them!"
Ryan McMillan, Head of Operations — Tytec Group
Frequently asked questions
Does Nucleus have its own general ledger?
Yes. Nucleus includes a general ledger with a chart of accounts, cost centres, revenue recognition and fixed assets. It can also connect to an external accounting system where required.
How do cost centres work in Nucleus?
Cost centres let you allocate revenue and expenses to branches, departments or service activities, showing where costs are incurred and how each part of the business performs.
Does Nucleus manage revenue recognition?
Yes. Revenue is recognised in line with the relevant contracts, billing arrangements and service activity, so your financial records reflect the income actually earned.