ISS comes pre-loaded with three charts of accounts - NAHB, CSI and Remodelers. You can choose one of these charts and modify it to suit your needs, or you can enter your own chart from scratch. ISS doesn’t care if you use alpha, numeric, periods, dashes, etc., in the account structure. ISS handles the accounting differences for different types of jobs with ease. Closing a job for general ledger purposes is a simple process.
All transactions are recorded in the general ledger. When you enter invoices into accounts payable, enter deposits, write checks, etc., ISS automatically updates the general ledger. You don’t need to add “update” or “batch” to your daily, weekly, monthly routines, because entries are recorded in the general ledger, in job management, in accounts payable, etc., just as soon as the transaction occurs.
A simple click of the mouse lets you inquire on an account. The account balance will always be current. A click on the detail button takes you to the detail transaction screen so you can see all of the transactions in that account. When checks are voided or reactivated and invoices are deleted or corrected, ISS will make all the reversing entries needed. You can keep information for as many fiscal years as you wish. You have the ability to post to prior, current, or future periods.
The general ledger handles recurring journal entries with ease. Budgets can be entered for accounts so actual expenses can be compared against budgets. ISS requires no month-end closings; you have the ability to produce financials and other reports on demand for any period of time, as far backward or forward, as you want to go. Fiscal year-end closing is as simple as a couple of clicks to close out the old and ring in the new.
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