General Ledger 

• A unique file structure enabling as many years of historical and budget figures on-line as desired. A company can post an adjustment, for example, to any period of any year and roll forward the now correct opening balances, and produce new 'adjusted' financial statements.

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• An automatic period end routine, ensuring that once all entries have been made, the profit/loss for the period is calculated and posted to the appropriate owner's equity and retained earnings accounts

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• A G/L account numbering system with excellent flexibility. The number can be broken into division/ cost center, group account and sub-account numbers. A reference G/L number in the record allows reporting to a company's parent organization in the parent company's own G/L numbers. Extra productivity during data input comes from a 4 digit short form for commonly used G/L numbers.

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• A complete Audit Trail, with a History record stored for as long as required for each debit and credit posted in the system

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• Retained are the source module (A/R, A/P, etc.), journal type and number, date posted, user ID, and account balance after the transaction was posted

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• Drill down through history capability

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• A recurring transaction file which handles entries that occur every month

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• An accrual reversal feature for the allocation of general costs on a department basis

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• Future budgets that can be set based on this year's budget plus a percentage, or one lump sum may be taken and distributed to future periods based on varying monthly percentages