General Ledger

The dynamic General Ledger can produce up-to-date balance sheets and income statements at any time. No batching or waiting until month-end. In fact, you can forget that month-end exists, because BusinessVision handles it automatically. You can even post transactions into last year (with proper authority), making your year-end a snap! The General Ledger Inquiry function offers five levels of detail. The first level provides an on-screen overview of all General Ledger accounts and present balances, the second shows the net change and closing balances for each month per account, and the third shows every transaction on the General Ledger, starting at the period you select. The fourth and fifth levels permit complete on-screen reconstruction of the journal entry, invoice or purchase order. If desired, the General Ledger may be departmentalized, permitting different departments of a company to record transactions with a unique Chart of Accounts.

Features

• Allows users to define Chart of Accounts or select one of the Charts of Account provided.
• Displays “ListViews” of account codes and names for easy browsing and selection.
• Permits keyboard “shortcuts” as an alternative to the mouse.
• Offers powerful search and find options with multiple criteria.
• Provides Divisional capability – three character division code and full reporting by division.
• Accommodates an unlimited number of accounts, with four segments and twenty-four characters in account number.
• Provides option to automatically process recurring journal entries when posting identical journal entries on a scheduled basis.
• Recurring entries may also update Accounts Receivable and Accounts Payable.
• Supports unlimited transactions per account, viewable at any time.
• Automatically numbers journal entries, forcing them to balance at the time of entry – up to 198 transaction lines/entry.
• Provides the ability to create and maintain Allocation Accounts.
• Real-time processing means no month-end processing – system is always up-to-date.
• Permits past and future period postings, this year or last year (with authority).
• Provides fully automatic year-end close procedure, with lockable months.
• Displays changes in financial position by period and account.
• Provides GIFI code cross-reference table (Canada).
• Generates bank and/or account reconciliation and reporting.
• Displays graphical view of net change/balances by month verses previous year.
• Allows account detail for any period to be printed of viewed.
• Generates reports by account number, segment, transaction number or fiscal period.
• Generates consolidated General Ledger Reports for multiple companies.
• Generates Income Statement, Balance Sheet and Comparative Performance reports, for any period.
• Offers fully customizable WYSIWYG financial reporting with the optional Crystal Reports from Seagate Software and F9 from Synex Systems