General Ledger

The General Ledger is a multi-fund, multi-fiscal period, double-entry fund accounting system that acts as the core of the Sage MIP Fund Accounting system. The General Ledger features:

• Flexible, table-driven chart of accounts structure to allow organizations to track an unlimited number of funds, grants, departments, programs, cost centers, or any other data required to meet reporting requirements right from the general ledger
• Built-in business rules to maintain accurate nonprofit financial data
• Built-in check writer and cash receipting
• Complete financial report writer containing a full set of FAS 117-complaint default financial statements
• Built-in compliance reports and worksheets
• 990 Worksheet to reduce the pain and cost of filing federal return
• Maintenance of unlimited open fiscal periods
• And transaction entry tools to help ensure accurate data entry by allowing users to apply predefined distributions, automatic offsets to appropriate accounts, and validation rules to ensure the quality of data recorded in the general ledger.

Designed for organizations with a need to manage high transaction volume or access data from remote sites, the General Ledger module includes a wide selection of standard features:

• Cash Receipting
• Cash Disbursements
• Journal Vouchers
• Create basic budget entries
• Comprehensive security and audit trail
• Award-winning, integrated report writer for producing customized financial statements, analysis reports and transaction journals consistent with the general ledger

Use the powerful Report Writer to:

• Create customized financial statements
• Compare budget in statements of revenues and expenditures
• Customize and print standard reports

From transaction entry to Financial Statements to detailed account ledgers, General Ledger provides a comprehensive foundation for Sage MIP Fund Accounting users.