General Ledger
The General Ledger is at the heart of any cost accounting system. SYMPAQ SQL's General Ledger collects transactions posted from all of the other modules. It stores transaction detail for each user-defined accounting period and for year-to-date cumulative amounts. A single database stores multi-year, online data. The General Ledger also defines indirect tiers for calculating indirect expense rates.
General Ledger Features
- Unlimited cost centers: Tracks revenue and expense by division, department, and authorized work group
- Unlimited cost pools: Multi-tiered rate structure for Fringe Benefits, Overhead, General & Administrative, Cost of Money, and Home Office indirect expenses
- User-defined account numbers: Creates an account structure to reflect your business model
- Indirect rate calculations: Calculates both commercial and government (without unallowables) indirect rates
- Organizational breakdown structures: Creates unlimited roll-ups by business unit
- Unlimited open periods: No need to permanently close an accounting period
- No need to archive databases: Retains multiple years' data online
- Automatic distribution of budgets: Constant or linear spread by period
- Tracks costs to direct and indirect projects
- Journal entries: Supports automatic (default or recurring) and manual entries
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