Pilot

Accounts Payable

Pilot's Accounts Payable feature streamlines your organization's payment processes by automating invoice approvals and payments. This functionality helps to reduce errors and delays associated with manual entry and ensures that bills are paid on time, avoiding late fees and maintaining good supplier relationships. By providing a clear overview of outstanding payables, it empowers managers to better manage cash flow and optimize working capital.

Accounts Receivable

The Accounts Receivable feature in Pilot simplifies the management of incoming payments by automating invoicing and tracking customer payments. This tool allows businesses to generate invoices quickly and send them directly to clients, while also providing reminders for overdue payments. By improving the efficiency of collections, it reduces the time spent on follow-ups and enhances cash flow, enabling organizations to focus on growth and customer service.

Bank Reconciliation

Pilot’s Bank Reconciliation feature automates the process of matching your bank statements with your internal records. This ensures that all transactions are accurately recorded, helping to identify discrepancies such as missing or duplicate entries. By simplifying this critical task, businesses can reduce the risk of errors and fraud, leading to more accurate financial reporting and better decision-making.

Billing and Invoicing

With Pilot's Billing and Invoicing feature, businesses can create professional invoices tailored to their branding in just a few clicks. This functionality not only accelerates the billing process but also allows for customization based on different clients or projects. By providing clear, timely invoices, organizations improve their chances of getting paid faster while enhancing their professional image.

Cash Management

Pilot's Cash Management feature provides real-time insights into cash flow by tracking income and expenses across all accounts. This allows businesses to forecast cash needs more accurately and make informed financial decisions. By having a clear picture of available cash, managers can ensure that they have sufficient funds for operational needs while also identifying opportunities for investment or savings.

Collections

The Collections feature within Pilot helps organizations manage overdue accounts effectively by automating follow-up communications with customers who have outstanding balances. This proactive approach reduces the time spent on manual collections efforts, improves recovery rates, and maintains positive customer relationships. By ensuring timely follow-ups, businesses can enhance their overall cash flow management.

CPA Firms

Pilot offers a dedicated feature for CPA firms that facilitates collaboration between accountants and their clients. This includes streamlined access to financial data and reporting tools that allow CPAs to generate insights quickly. By enhancing communication and transparency, this feature helps firms provide more strategic advice to clients while improving efficiency in managing multiple client accounts.

Expense Tracking

The Expense Tracking feature in Pilot enables organizations to capture, categorize, and manage expenses effortlessly. Employees can upload receipts and log expenses in real time using mobile devices or desktop applications. This not only promotes accountability but also simplifies the reimbursement process. By having better visibility into spending patterns, businesses can identify cost-saving opportunities and ensure compliance with budgetary guidelines.

General Ledger

Pilot's General Ledger feature provides a comprehensive view of all financial transactions within an organization. It serves as the backbone for financial reporting by consolidating data from various sources into a single system. This centralized approach ensures accuracy in financial statements while allowing for detailed analysis of performance across departments. By streamlining bookkeeping processes, businesses can enhance compliance with accounting standards.

Multi-Currency

With the Multi-Currency feature, Pilot supports businesses operating internationally by allowing transactions in various currencies. It automatically updates exchange rates in real-time, ensuring that financial records reflect current values accurately. This functionality solves the challenge of managing foreign currency transactions seamlessly, enabling companies to expand their global reach without complicating their accounting processes.

Payroll

Pilot’s Payroll feature simplifies employee compensation management by automating calculations for wages, deductions, and taxes. It ensures compliance with local labor laws while providing employees with easy access to their pay stubs and tax documents online. By reducing the administrative burden associated with payroll processing, organizations can focus more on strategic HR initiatives rather than getting bogged down in manual calculations.

Project Accounting

The Project Accounting feature allows businesses to track costs and revenues associated with specific projects effectively. By assigning expenses directly to projects, organizations gain insights into profitability and resource allocation. This clarity helps project