The General Ledger Package (G/L) provides current and comprehensive financial reporting capabilities with easy to use menu-driven software. A statement generator with maximum flexibility allows you to design and implement custom financial reports.
Income Statements and Balance Sheets for present or previous periods are available upon request. Comparisons, budgets, and variances are standard capabilities. Special statements such as Supporting Schedules or Statement of Changes in Financial Condition are easily created.
The operator selects the functions to be performed using the convenient pull-down menus and highlight bar. All data, including daily transactions, are entered through straightforward responses to screen display prompting. Transaction entries are first stored in temporary transaction files and may be edited and corrected prior to posting. Audit trails, which are essential for proper financial management, are automatically generated.
Comprehensive General Ledger reports are produced on demand, as well as on-line inquiry/maintenance of all General Ledger files.
Summary of Features and Benefits:
- Multi-company capability with consolidation of up to 30 subsidiary companies with the same or different chart(s) of accounts
- Flexible, user-defined account number formats with up to 10 alphanumeric characters
- Account codes support divisional and departmental accounting
- Each account may be designated to total automatically into a 'control' account
- 3-year active fiscal calendar allows data entry in past, current, and next year, with supervisory lockout of closed periods
- Unlimited years of data on-line for instant inquiries and reports
- Up to 13 user-defined periods in each fiscal year
- Journal entries may be posted without closing prior period
- Journal entries accommodate reference and original document number fields for each debit/credit
- General Journal provides easy entry of auto-reversing transactions
- Recurring journal entries
- Journal entries created manually and automatically by integration with Accounts Payable, Accounts Receivable, Payroll, Inventory Control and Gas Billing, with detailed or summary integration determined by user-specified flag for each account
- Batch control of all posting assures that debits always equal credits
- All postings automatically produce journals for hard-copy audit trails
- Budgets for each period for each account automatically generated from prior year data, or user-specified budgets can be automatically distributed by number of periods, or number of days in each period
- All standard general ledger reports
- Statement generator allows user-designed custom financial statements and reports
- On-line, on-screen inquiry function allows access to all G/L data for any particular general ledger account
- Inquiry screen allows access to original A/R and A/P transactions
