General Ledger
Tight integration ensures that subsidiary ledgers stay in balance with the
general ledger, that clear audit trails lead to original activity, and that
account reconciliation is fast and efficient.
General Ledger's flexible accounting format allows you to maintain multiple
divisions, regions or companies within the same database. And customizable
reports and financial statements let you present the numbers in virtually any
format required by your company or business partners.
General Ledger also helps assure accuracy. Error correction capabilities let you
make adjustments without compromising accounting integrity. Flexible entry lets
you post to the correct general ledger period, whether it's current, prior, or
future. And broad, secure inquiry access allows designated employees inside and
outside of the accounting department to view the numbers without tampering with
them.
Account tracking
Customize the accounting structure to fit your business.
Format accounts with up to 25 characters, three prefixes, and one suffix.
Store 23 periods of previous activity and six periods of future activity.
Calculate annual budgets based on monthly budgets, and vice versa.
Choose between cash and accrual accounting methods, or track both
simultaneously. (Service Management utilizes the accrual accounting method
only.)
Entry and processing
Post transactions from other accounting applications automatically or on demand.
Use batch numbers and entry journals to trace entry sources.
Keep previous periods open while processing in the current period.
Open and close periods as needed.
Edit prior period and prior year transactions (security permitting).
Process auto-recurring entries.
Import transactions and budgets from other applications.
Budgeting
Define up to ten budgets per year for each account.
Create budgets for an unlimited number of future years.
Optionally enter budgets on a quarterly basis.
Copy previous budgets or activity into your working budget.
Use formulas to modify existing budgets or to create new ones.
Financial reporting
In addition to inquiries and reports, Financial Statement Designer adds easy
customization of financial statements.
Create multiple financial statements for each company, region, division, or
property.
Produce comparative and consolidated statements.
Cut, copy, and paste information from one financial statement to another.
Perform custom calculations.
Print current and prior period statements.
Print budget amounts for future periods.
Add your company logo to the statement design.
Additional features
Use account prefixes to consolidate multiple companies, departments or divisions
in the same database.
Add more than 200 custom fields to track additional account information.
Track up to 100 partners for joint venture reporting.
Automatically allocate expenses.
Enter adjusting transactions that will reverse in the next period.
Edit entries after posting.
Force journal entries to balance by account prefix.
Produce columnar comparison statements by company, division, region, etc.
Generate unique intercompany payable and receivable accounts by general ledger
prefix for multiple intercompany tracking.
Use FAS Links for an easy, accurate, and dependable way to post summary
depreciation expenses from FAS to general ledger.
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