This functionality, comprehensive yet flexible, is designed to meet the financial needs of any organization. For example, its possible to maintain a separate chart of accounts for each company or you can departmentalize your accounts for each division. Separate, concise subsidiary ledgers integrate seamlessly with invoicing, purchasing, payment processing, collections, and other miscellaneous operations. Open account balances can be maintained for multiple years, enabling you to create accounting entries for a new year without having to close the previous one.