General Ledger

Application Features

Flexible account number structure
- Account number can be any length (no limit)
- Account number can consist of multiple “elements” (no limit)
- Roll up to reporting accounts via user defined “account sets”
Rules at the Account Level
- Control account flag (balance maintained by the system)
- Inactive account flag (prevents future posting)
Flexible Account Balances
- User defined “segments” (i.e. Actual, Budget, Units Produced – no limit)
- Support for monetary and statistical segments
Automatic Account Creation Option
- Accounts created as journal entries are posted
- Element validation and inter-element validation performed
Advance Journal Entry Facilities
- Rapid entry form for manual journal entries
- Templates for common entries
- Recurring journal entries with flexible scheduling
- Automatic accrual / reversal entries
- Import journal entries from MS Excel spreadsheets
- Allocations (formula based entries
- Automatic inter-company balancing of all journal entries
Journal Entry Correction Facilities
- Quickly correct or void entries with complete auditability
- Permit direct update or deletion in current period or require revision
- Copy or reverse posted entries
Journal Master Defines Posting Rules
- Restrict use by system (Receivables, Payables, Ledger or Inventory)
- Define journal entry line summarization rule (for non-ledger applications)
- Define Primary and audit; monetary and statistical segments
Budgeting Facilities
- Multiple budget “versions”
- Automatic budget preparation (budget formulas)
- What if analysis
Support for statistical balances
- Store units of production, number of employees or any other statistic
- Update statistical amounts via journal entry or account maintenance
- Use statistics for reporting and / or allocation facilities
Online access to summary balances
Powerful “end user” financial statement preparation tools
- Multiple account sets (“roll up” reporting structure)
- “Drill down” to journal details
- “Drill back” to source documents in Receivables, Payables or Inventory
Support for prior period adjustments
Fiscal Period Controls
- User defined fiscal calendar
- Close / lock or reopen periods / years
- Automatic transfer of profit to retained earnings at year end
- Allow posting to close periods (restricted by user)

More detail:
»Features Common To All Applications

Less Detail:
»Solution Summary: Advanced Financial Management
»Application Summary: General Ledger

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