As businesses grow, so does the complexity of managing financial processes efficiently. Gravity Software Version 7.0 brings a suite of new enhancements designed to improve automation, accuracy, and ease of use. From AI-powered natural language queries to advanced multi-entity functionality, this release is packed with features that streamline financial reporting, accounts payable, subscription billing, and investment management.
In this article, we explore the key updates in Gravity Software V7.0 and how they can help businesses enhance productivity, efficiency, and financial oversight.
Multi-entity accounting made simpler
Seamless multi-entity transactions
One of the standout features in Gravity Software V7.0 is the Advanced Multi-Entity Functionality, which allows users to manage multiple entities simultaneously without constantly switching screens. This update makes it easier to record transactions, track financials, and run reports across multiple entities in a single workflow.
What's new?
- Concurrent Multi-Entity Access – Work across all assigned entities in one session.
- Transaction-Level Entity Selection – Assign transactions to entities directly at the entry level.
- Seamless Operations – No more closing forms or switching menues to enter transactions.
Why it matters
Multi-entity businesses can now save time, reduce errors, and improve financial visibility across all their entities at once.
AI powered queries with Microsoft Copilot
With Microsoft Copilot integrated into Gravity Software, users can retrieve financial data instantly using natural language queries. This means no need to navigate complex reports or memorize database syntax—just type your question and get the answers you need.
Examples of AI-powered queries
- "Show me all overdue vouchers over $5,000."
- "How much does Customer ABC001 owe?"
- "Show me the Journal Entries for Account 1100-0000 on 4/21/2024."
Why it matters
This feature saves time, eliminates the need for complex search parameters, and allows for faster decision-making based on real-time insights.
Note: Microsoft Copilot licenses must be purchased separately from Microsoft.
Automated recurring cycles for better workflow efficiency
Recurring transactions are now easier and more accurate with Gravity Software V7.0. New automation features streamline month-end financial workflows and reduce the need for manual adjustments.
Key updates
- End of Prior Month Option – Align transactions automatically with month-end closing.
- Microsoft Power Automate Integration – Automate transaction processing with predefined workflows.
Why it matters
Businesses can now eliminate manual data entry, reduce errors, and improve efficiency in managing recurring financial transactions.
Smarter financial reporting & accounting tools
Enhanced Trial Balance & Balance Sheet reports
Version 7.0 introduces improved financial reports that offer greater detail, automation, and ease of use.
- Trial Balance Report – Customizable time frames with drill-down functionality.
- Balance sheet detail report – Generate consolidated balance sheets across multiple entities with built-in account categorization.
Why it matters
These enhancements improve accuracy, reduce reconciliation time, and provide clearer financial insights.
GAAP FX Consolidating Balance Sheet (ADFS)
Managing multi-entity foreign currency consolidations is now easier and fully GAAP-compliant. Assets, liabilities, and equity are properly translated and automated for accurate reporting.
Advanced Accounts Payable & Banking Features
Bank matching – ACH Payments
Gravity Software V7.0 makes bank reconciliation and vendor payments faster and more accurate.
- Match One Gravity Transaction to Multiple Bank Transactions – Ideal for partial payments, refunds, or grouped transactions.
- Un-Match Transactions – Correct errors with a simple click while maintaining audit logs.
- Direct ACH Payment Processing – Send secure ACH payments to vendors in the U.S. and Canada.
Why it matters
Businesses save time, reduce reconciliation errors, and automate payments more efficiently.
Improved Subscription Billing & Investment Management
One-time charges in Subscription Billing
Subscription-based businesses can now add one-time fees within a billing cycle without modifying recurring pricing structures. This makes handling setup fees, add-ons, or additional service charges easier.
Accrued interest tracking in Investment Ledger
For businesses managing debt-related investments, Gravity Software now allows for automated accrued interest tracking and repayment calculations, ensuring accurate general ledger updates.
Why it matters
These updates help subscription and investment-based businesses maintain financial accuracy while reducing manual entry.
Why upgrade to Gravity Software V7.0?
Gravity Software V7.0 isn’t just an update—it’s a major leap forward in financial automation, reporting, and multi-entity management. With new AI-powered queries, automated workflows, and enhanced financial tools, businesses can expect:
- Faster, more accurate financial operations
- Improved automation for reduced manual work
- Better reporting and insights for strategic decision-making
These features empower growing businesses to manage financial processes with ease, accuracy, and efficiency. To explore all these new features, contact our team!
Gravity Software
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