ACS Recreation Manager General Ledger

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General Ledger

 

The General Ledger module is the highly flexible financial accounting and reporting system you need to operate in today’s competitive climate. Each of the other modules can be set to post detail or summary transaction distributions according to your individual requirements. Recurring, reversing, and prior period entries can be made to create adjustments and minimize data entry.

 

BENEFITS

Maximum security is provided through an extensive audit trail design, which traces every transaction back to its original journal source.

Posting flexibility lets you close the old year and process prior period adjustments for up to 12 months. This allows processing in the current year, even when you do not have all of the information necessary to complete your prior year end.

Can be used as a stand-alone module, or interfaced for automatic posting from Accounts Payable, Accounts Receivable, Inventory, Payroll, and Purchase Orders.

FEATURES

Financial Statements

Select from twelve different profit and loss statement formats, and two balance sheet formats. Easily define each line of your financial statements to report a single account or an accumulation of accounts, print captions and totals, and retrieve figures form previously-run reports. Produce consolidated financial reports for any combination of companies or departments within a company.

Posting

Post transactions to either the current period or the next period. Post to prior periods, including the prior-year period. Entries posted across the fiscal year update retained earnings.

Periods

Specify period ending dates for the entire fiscal year at one time. Two full years of ending balances are stored for each account, giving you the ability to print prior year comparisons and prior period reports and statements.

Transaction Balancing

Prevent out-of-balance conditions with system-controlled dual-entry posting. Unbalanced transactions from other modules are posted to an offsetting account for easier reconciliation.

Special Entries

Set up recurring and reversing entries to post automatically each period. Use prior period journal entries to make adjustments to any period closed within the last fiscal year.

Chart of Accounts

Define your chart of accounts for each company. Use a one to four digit department code embedded anywhere in the account number to provide separate financial reporting by department.

INTERFACES

Accounts Payable

Accounts Receivable

Inventory

Job Cost

Orders & Invoicing

Payroll

Purchase Orders

REPORTS

Trial Balance/Detail Ledger

Journal Print

Ending Balances Print

Budgets Print

Chart of Accounts

Trial Balance Breaks Layout

Yearly Trial Balance/Detail Ledger

Yearly Journal Print

G/L Code List

Financial Reports

INQUIRIES

Account Inquiry—five different data displays for each general ledger account number

Journal Inquiry

Yearly Journal Inquiry-five different display options

 

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