General Ledger

Objective

To maintain a detailed record of the company’s fixed assets by recording depreciation and current asset values, in addition to providing a facility to evaluate remaining usefulness by tracking expenditures incurred or income derived from assets.

The Value of SYSPRO General Ledger

• Provides graphical views of actual performance or budgets for quarters and prior years
• Retains unlimited detail and summary histories
• Accesses an unlimited number of accounts
• Drills down into the sub-ledger to find the source of ledger details, including offsetting entries
• Provides the ability to support European Monetary Unit (EMU) and FASB 52 requirements
• Maintains currency exchange rate history
• Allows redefinition of financial year
• Preview of reports to screen and e-mail capabilities

Matching SYSPRO to Your Business

• Defines a 4, 6, 12 or 13 period financial year
• Maintains up to 10 budgets for each ledger code
• Produces consolidated financials for multiple companies
• Defines ledger code groupings
• Integrates from sub-ledgers in detail or summary specified per module or ledger account
• Provides password protection of sensitive accounts
• Multi-period accounting allows 2 years of open periods
• Imports budgets and journal entries from third party products such as payroll
• Puts accounts on hold to prevent further postings
• Maintains standard and recurring journal entries
• Customizable set of data entry fields that may be viewed in the query
• Creates and attaches notes to accounts using Notepad
• Retains foreign currency rates of exchange at transaction level

Audit Trails and Reporting

• Built in Financial Report Writer, with XML support, allows unlimited user-defined statements
• XML support to create reports suitable for viewing directly within a Web browser and publishing to the Internet or intranet
• Reports are constructed as XML documents, which make the content suitable for exchanging data between companies
• XML reporting allow drill down to General Ledger codes and to Source Document or transactions
• XML documents are XBRL compliant
• Print summary or detailed trial balance for any period in the current or previous year
  
• Complete audit trails for all transactions are posted to the General Ledger
• The Global Tax Report consolidates tax transactions from sub-ledgers into a single report
• Generates multi-currency reporting
• Period-end worksheets assist with auditor’s adjustments

Integration

• Integrates with Accounts Payable, Accounts Receivable, Cash Book, Inventory Control, Fixed Assets, Return to Vendor, and Work in Progress modules
• Allows user-definable integration of each module
• E-mail reports with the Office Automation module