General Ledger

The General Ledger module is the center of the entire Insight system. The General Ledger gives you the ability to enter one-time journal entries, recurring journal entries, as well as produce financial statements. Every module within Insight is tightly integrated to the General Ledger; meaning when transactions are posted the data is shared with the General Ledger.

This system has a flexible Chart of Accounts, with three levels of account breakdown. The top level is fund, the second is sector (i.e. a field defined by you for divisions, cost centers, office sites, etc.), and the third is the General Ledger account number. This allows your Utility organization to create a tailor-made chart of accounts, adhering perfectly to your operations.

Additional features of the General Ledger module include:

• Auto Balancing of Multiple Funds - The General Ledger will maintain multiple fund balances, and create balancing entries for all account balances, cash, and accounts payable for each fund.
• Flexible to fit any Utility Business - The General Ledger in Utilit-e Insight can be setup for companies, divisions, operating entities, accounts, projects, and work orders; making it perfect for any Utilities Organization
• Transaction Flexibility - Transactions can be entered in batches/groups or individually, with the option to set them as recurring or reversing. All batches can be posted immediately or held for later posting.
• Searching and Inquiries - Extensive inquiries and searches can be performed within the General Ledger.
• Budgeting - Budget entries are posted as individual transactions, allowing you to track approved budgets and budget changes.
• Reporting - Using Crystal reports the General Ledger can generate reports for viewing, printing, or e-mailing.
• Automatic Year-end Closing - The General Ledger automatically generates the year-end closing entries when the last month of the fiscal year closes