Creating Faster and More Accurate Aviation Repair Quotes
In the dynamic and highly regulated world of aviation maintenance, quoting repair work swiftly and accurately is no longer a competitive edge—it’s a necessity. Delays
General Ledger & Accounts Management for Accurate Finance Control
Streamline your chart of accounts, Accounts Receivable, and Accounts Payable to get real-time financial insights and stronger cash flow.
Finance in aviation spans maintenance events, rotable repairs, parts trading, and cross-border sales. Power Aero Suites provides a flexible General Ledger (GL) and Chart of Accounts (COA) that align with aviation workflows keeping your team in control.
General Ledger & Chart of Accounts
General Ledger Highlights
- Aviation-Specific Chart of Accounts
- Multi-Ledger, Periods & Currencies
- Real-Time Integration with Operations
- Multi-Entity & Consolidation
- Dimensions, Profitability & Allocations
- Security, Approvals & Auditability
- Regulatory Reporting & Responsible Language
- Accounting Best Practices
Power Aero Suites streamlines AP inside the same system that creates POs, books receipts, and ships orders, reducing reconciliations and surprises.
Accounts Payable
Accounts Payable Highlights
- Vendor Master Data & Terms
- Purchase Invoice Lifecycle
- Approvals & Internal Controls
- Payment Scheduling & Execution
- Integration with Procurement & Inventory
- Landed Cost & Allocation
- Reporting & KPIs
- Responsible Language & Limits
- Implementation & Best Practices
Revenue isn’t cash until payment clears. In aviation, brokers, MRO shops, and in-house teams invoice across jurisdictions, terms, and tax rules, so accuracy, timing, and credit control matter. Power Aero Suites connects quoting, orders, shipments, and accounting so AR is timely, auditable, and tied to real activity.
Accounts Receivable
Accounts Receivable Highlights
- Customer Master & Credit Terms
- Invoice Generation & Billing Options
- Cash Application & Receipt Processing
- Credit Management & Collections
- Reporting & Key Metrics
- Integration with Operations & Accounting (Single Source in action)
- Implementation Tips & Responsible Use
Feature Highlights
- Segmented design: build account strings with segments (e.g., company, cost center, fleet/program/project) and hierarchical reporting nodes for roll-ups.
- Configurable defaults: map transactions (parts issues, labor capture, freight/duty, consignment settlements) to the right accounts without re-keying.
- Change-ready: add/deactivate accounts as business lines evolve (e.g., component repair), preserving historical reporting.
- Standards-aware: IFRS/US GAAP don’t prescribe a single “official” CoA; organizations design structures that serve reporting and control needs. Power Aero Suites lets you do exactly that.
- Multiple ledgers: legal/statutory, management, and tax ledgers; support for different fiscal calendars.
- Multi-currency journals: post in functional/transaction currencies with recurring and auto-reversing templates to simplify month-end.
- Controlled close: configurable period locks; approvals before posting; complete audit trail of who did what and when (no absolutes—your team owns configuration and review).
- WIP & COGS: parts issues and labor to work orders post to WIP; on release, costs relieve to COGS or capitalize per your rules—no duplicate entry.
- Revenue & inventory: shipments/invoices post revenue, taxes, and inventory relief based on the same order that reserved the stock.
- Drill-down: go from trial balance to the originating transaction—purchase receipt, task step, or invoice—because GL and ops share one data model.
- Maintain separate books per entity (e.g., airline MRO subsidiary, parts trading arm), with shared master data where appropriate.
- Inter-company: mirror both sides of transfers or internal maintenance; eliminate on consolidation.
- Consolidated reporting: roll up balances across entities; record eliminations systematically (manual or rule-driven, per your configuration).
- Dimensions/segments capture context (tail number, fleet type, program, project) for profitability by line and fair overhead allocation.
- Allocation journals support recurring spreads (e.g., shared hangar costs) with reversing entries to tidy month-end.
- Role-based access: e.g., planners can view postings but not create journals; finance can post with approvals.
- Journal approvals: thresholds by amount/account; documentation on each step.
- Immutable history: audit trail for entries, mapping changes, and period status—supporting internal control expectations.
- Stat/management reporting: build P&L/Balance Sheet/Cash Flow off reporting nodes; export to Excel or feed your BI.
- Align your CoA to local GAAP/IFRS presentation—remember standards set presentation principles, not an official CoA chart. PAS supports compliant reporting when configured correctly; it does not guarantee compliance.
- Clean the vendor master before go-live; version and approve changes to terms.
- Define approval rules with clear thresholds; test in UAT.
- Import open invoices and match to receipts to avoid duplicates.
- Run scheduled payment cycles; review proposals jointly (procurement + finance).
- Reconcile AP→GL monthly; investigate aging items and unmatched receipts promptly.
From issue/repair/ship to the ledger, one platform, one audit trail.
Single Source, Single License, No Third Party Apps Required, Operate from Anywhere
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Find Your Solution
Can Power Aero Suites handle separate legal and management ledgers with different calendars?
Yes—create multiple ledgers (statutory, management, tax) and assign fiscal calendars per ledger.
How do inter-company parts transfers post?
Both entities receive balanced entries; eliminations are handled at consolidation per your configuration.
Do we get drill-down from GL to source documents?
Yes—trial balance to transaction (receipt, work order step, invoice) because GL and ops share one data model.
Can we design a CoA with segments for fleet/program/tail?
Yes—segments/dimensions are part of the account string; use reporting nodes for roll-ups.
Will Power Aero Suites “ensure” compliance?
No—PAS provides tools (controls, audit trails, period locks). Your finance team defines policies and validates results.