General Ledger
The General Ledger
module processes journal entries entered by users as well as entries emanating
from other processing modules (e.g. AP, AR, labor distribution). It prints
journal reports and possesses a generalized financial statement reporting
facility that generates balance sheets and profit & loss statements
printed in client-specified formats. Special features include:
- A master journal
containing all journal entries for the current fiscal year as well
as previous fiscal years
- Numerous subsidiary
journals, including cash receipts and cash disbursements journals
- The General
Ledger master file that maintains account balances, descriptive data,
period activity, up to four budget categories (e.g. business plan,
current forecast), each of which can have up to 14 period budgets
- Historical data
for each past accounting period that includes period activity, balances
and budgets
- Full integration
with Accounts Payable, Accounts Receivable, Job Cost Accounting and
Labor Distribution
- Recurring journal
entries that can be setup once and then generated repetitively in
future accounting periods
- Auto-reversing
journal entries posted to one fiscal period and automatically reversed
in the subsequent period
- Automated intercompany
journal entries
- Automated auditing,
in which the system provides a report of transactions and other data
which do not conform to company-specific policies and procedures
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