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General Ledger

The Executive Series General Ledger module is a powerful yet easy to use for your multi company accounting.  All  modules are fully integrated with the General Ledger so your processing is straight forward and reliable. Whether processing a single company or hundreds of companies, it provides an intuitive yet comprehensive means for maintaining your business financial records, and producing strategic financial statements and reports. The General Ledger’s wide variety of budgeting and reporting features give you the power and flexibility necessary to control your company’s financial activities.

General Ledger Journal Entry Screen
Journal Entry is the heart of a General Ledger accounting system. Executive Series includes powerful features including unposting, reversing and automatic distributions.
  • Multi Company General Ledger Automatic intercompany journal entry processing and consolidated reporting for multi-company and fund accounting.
  • User Defined Chart of Accounts The eight segment account structure enables multiple reporting dimensions.  Account segments may be sized to provide up to nine alphanumeric characters in each segment.
  • Statistical Accounts Statistical account support is standard and may be used in Financial Reports and allocations.
  • User-Defined Calendars Accounting calendars support your period reporting requirements whether they are 12, 13, 52 or as many as 999 accounting periods per fiscal year.
  • Flexible Closing Schedules You can close a period to prevent posting and later reopen it for adjusting entries, or you can close it permanently.   An unlimited number of periods across multiple fiscal years can be open simultaneously.  Income statement type accounts can be closed into an unlimited number of retained earnings accounts, allowing you to control your revenue centers completely. Year-end closing can be run multiple times.
  • Unlimited Budgets Generate budgets based on actuals or other budgets. Export and Import to/from Excel. Unlimited numbers of budgets are supported.
  • Multiple Journal Entry Types Standard journal and subsidiary application journal entries.  Subsidary journals generate automatic inter-company journal entries as needed.
  • Recurring Journal Entries
  • Journal Entry Reversal Fast and easy reversals of Journal Entries, both automatic and adhoc.
  • Journal Entry Unpost  Make a mistake? No problem, just unpost the journal entry, make your correction and repost!  Posting and unposting are controlled for open periods only.
  • Allocations Allocations can be based on percentages, usage factors or actual data.  Revenue and costs can be redistributed based on user-defined rules, variable allocations (statistical and financial), step down and net allocations.  Full support for inter-company / inter-fund allocations as both destination and source for generating multi-company journal entries as needed.
  • Account Distribution  You can setup an automatic account distribution for a GL account.  The system will automatically distribute the amount to the distribution accounts when the main account has been posted to.
  • Financial Report Writer Complex financial statements can be created based on user-defined row and column templates.  Reports may be run over any period range.
  • Financial Report Groups Define report groups to run multiple financial reports together using the same reporting criteria.
  • Statement Drilldown Full drilldown from the financial statements to source documents.
  • Online Drilldown Account Analysis Drilldown to the source document information in submodules is supported.
  • Automatic Consolidations Consolidation figures and adjusting entries can be maintained, allowing automatic consolidations.
  • Inter-Entity Balancing Utilize default accounts for automatic intercompany/fund journal entry processing.
  • Distribution Templates Template and percentage distributions can be set up in advance for use during journal entry.
  • Quick Entry of Adjusting Journal Entries through Journal Entry Templates and Journal Entry Copy
  • Time-Saving Utilities Chart of accounts copy for easy maintenance of system-wide account numbers.  Journal entry Copy and Journal entry Templates for speedy entry of similar Journal Entries.
  • User-Selectable Postings The user controls the posting process and timing, and the system provides pro forma analysis of unposted journal entries via online account analysis to show the effects of unposted entries.
  • Amortization Amortization templates may be used for both manual setup in the General Ledger and auto generated amortization from AP Vouchers. Includes full support of distributed amortization between accounts, departments, and companies/funds.
  • Revenue Recognition Support for template based revenue recognition is included in the General Ledger. Auto generation of revenue recognition from AR Invoices is also built in.
  • Multi-Currency Journal entries fully support multi-currency processing.  Enter journal entries in a foreign currency, and the system will automatically handle the conversion, exchange rates, and any required rounding.