The Accounting mdule is very complete and in addition to the general ledger, there is a complete accounts payable and receivable module.
The General Ledger enables you to keep the books for your company. It consists, primarily, of a chart of accounts that provide the financial structure upon which your business transactions are categorized. Journal entries of transactions from various modules are posted to the general ledger and the books are kept in balance by means of double-entry bookkeeping.
The General Ledger allows you to print a variety of reports to determine changes in the financial position of your company throughout the year. Among these reports are general ledger listings of balances and activities, trial balances, income statements, and balance sheets.
FEATURES
- Provides rolling month-end balances for 36 months.
- Post to any prior period within 36 months and updates are automatically made to Retained Earnings and closing accounts (if adjustments are made to previous year).
- Allows departmentalized accounting with user-definable department codes/separator.
- Allows automatic creation of departmental accounts when master account is created (upon user-confirmation).
- Partnership distribution allows unlimited number of partners/distribution percentages.
- Permits user-definable Journal Entry Code definitions.
- User-definable Balance Sheet and Income Statements built into the Chart of Accounts.
- Alphanumeric account number allows maximum flexibility in account assignment.
- Provides eight subtotal levels within Chart of Accounts.
- Allocates annual budget to individual months by dollar amount or percentage.
- Allows quick budget updates for the new year. Applies to single account or groups of accounts based upon: type/account number range, dollar amount, or percentage increase/decrease.
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