General Ledger forms the backbone of the eFinancials suite. Underlying the General Ledger is the chart of accounts structure that organises financial data into multiple, independent elements representing the organisation, financial analysis and other related needs, e.g. Cost-centre, Account, Activity and Job. Each element is set up and exists as an independent element upon which multiple reporting and analysis views can be created at any time, initially or in the future. The multi-entity (e.g. multi-company, multi-fund, etc.) and multi-hierarchical nature of the system allows for one or more distinct organisations to be represented within General Ledger, with optional consolidation as appropriate. Each organisation can be viewed in different ways yet with each structure/company sharing the same chart of accounts.
Changes to any of the hierarchies within an element are simple and when changing an element's parent using the graphical drag-and-drop Chart of Accounts tool you redefine the hierarchy and adjust all records historical, current and future instantly. Each element can be composed of multiple independent hierarchies, each of which can be nested to multiple levels of depth.
Key features include
- Multi-Company/Entity
- Multi-Hierarchical
- Multi-Ledger
- Multi-Period
- Multi-Journal
- Multi-Currency
- Multi-Cash Book with EFT option
- On screen and auto-Bank Reconciliation
- Financial and statistical Budgeting and Forecasting
- Cross ledger drill
- External drill down capability
- External Interfaces via LINK
- Integral Job/Project Costing
- Commitment accounting
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