A repair management system with unparalleled financial controls
Nexsyis is the only application on the market with completely integrated accounting and financials. While your staff is going about their everyday tasks of invoicing purchases, delivering vehicles, and depositing payments, Nexsyis is working behind the scenes to record each of these transactions to the general ledger.
In Nexsyis, costs go into inventory based on the fact that they are attached to a repair. When a repair is invoiced, all cost is automatically recorded to the financial statement, and any cost following afterwards will automatically post to the current period. This gives you a daily accurate cash position and completely eliminates the need to end of month balancing, fake write-offs, and adjustments.
The benefits of integrated financials
Complete transparency to repair and financial information through record-level document imaging and a full audit trail. Every single transaction with a financial impact is recorded including the time created, transaction date, as well as financial date.
Have complete comfort:
You are getting paid for the work you perform
The minimum amount of cost is incurred for work that you did not get paid for
Company funds are focused on company activities
Unparalleled gross profit accuracy
Nexsyis is the only real-time inventory module on the market that records cost of goods sold precisely based on the repairs invoiced. There is no change in inventory accounting required.
Two-way flow of information
Financial and operations data are integrated and flow in a two-way path allowing mistakes to be easily corrected and automatically reflected on the other side. No duplicate entry into an outside accounting system is required, and because corrections are made in real-time, the need to balance ROs to estimates is eliminated and end of the month closing is a breeze.
Roll up real-time accounting and shop management information into consolidated reports.
Invoicing & Payments
Collision-specific vendor setup, invoice entry, and payment
The features you need
Banking / Cash
Reconcile your bank statement directly to the check register to see your true daily cash balance
Detailed reporting (export to Excel)
Chart of accounts management
Vendor Statement Reconciliation
Detailed audit trails
General Ledger & Journal Entries
Nexsyis virtually eliminates the need for all but a few manual journal entries. By allowing the original transactions to be reflected and corrected in the proper accounting period, you will no longer have to enter a large amount of journal entries at the end of each financial period.
Your chart of accounts is tailored to collision repair and custom to your particular requirements and style.
Reporting & Financial Statements
One of the best things about integrated accounting in our application is our ability to generate financial reports that include repair KPI data so you get a true picture of your shop's performance.
Your financial statement is tailored to collision repair and custom to your particular requirements and style.