General Ledger

The MSI-GENERAL LEDGER SYSTEM developed by Municipal Software, Inc. was designed in accordance with GAAFR reporting requirements. It provides the financial officer with concise and meaningful information allowing for better administration and control of municipal finances. Flexible account numbers conform to the user's present system rather than forcing the adoption of a fixed length number. Professionally designed financial reports eliminate the cost of auditor generated monthly statements. A complete audit trail provides confidence of data integrity.

Features of the MSI-General Ledger System Include:

• Supports multiple funds, departments, classes, sub-classes, and accounting codes up to thirteen characters
• Period “13 ”for adjusting entries
• Unlimited number of accounts
• Flexible, user defined account numbers and report breaks Unlimited, double entry journal entries
• Fund based accounting in accordance with GAAFR
• Automatic posting to individual accounts
• Retains complete journal entry and cash receipt history
• Detailed cash receipt entry
• Complete account and journal inquiry
• Revenue/Expense Reports compared to budget with variance percentages
• Ledger Activity Report for user-selected groups of accounts
• Standard Balance Sheet and Revenue and Expense printing
• Month-to-Date and Year-to-Date Trial Balance printing
• Selected account activity printing
• Processing allowed in new fiscal year without closing prior Fiscal year
• Logical audit trails
• Complete history limited only by disk space
• Recurring journal entry option
• Encumbrance accounting supported
• History limited only by available disk space