| General
Ledger Features |
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GL account number can be up to 15
characters in length |
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Automatic GL posting option can update your
ledger without manually posting fiscal periods |
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Flexible date-based design virtually
eliminates need for dealing with closing of fiscal periods |
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Fiscal periods can optionally be setup as
monthly, monthly plus year-end closing, bi-weekly, weekly, every four
weeks, 5-4-4, or even your own custom date range |
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GL accounts can use segments to represent cost centers, departments
and divisions |
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Pre-defined chart of accounts for over 100
different business models |
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Automatically balances journal entries and
allows for previewing or printing before posting entries |
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Set default tax parameters per General
Ledger account |
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Post to any date period in the past or into
the future |
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Account search by GL account number or
description |
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Support for bank reconciliation as
well as any other account reconciliation desired |
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Budget wizard allows for creating unlimited
budget planning and flexible allocation of funds per account per period.
Also allows you to generate future budgets by adjusting existing figures. |
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All financial reports can be run for any
period at anytime |
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Fixed allocations feature allows you to
associate and distribute a single GL accounts activity to an unlimited
number of other GL accounts |
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Drill-down from the balance sheet to
original transactions |
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Unlimited bank accounts can be setup per
company (e.g. Operating Account, Payroll Account, Credit Card Account,
etc.) |
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Year-end closing process is
automatically handled by the program |
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GL accounts can be defined as special
statistical accounts that do not affect the General Ledger, but can hold
relevant information that you want to show up along with your financial
reports |
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GL accounts can be associated to an alias
account for quicker and easier input of journal entries |
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Support for up to five sub-accounts under
one Master GL account for flexible reporting options when you want to view
costs by project, department, branch, cost center, etc. |
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Allows choice on the level of detail that
is posted from the sub ledgers per account |
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Most financial reports can be exported into
ASCII and/or directly exported into spreadsheet applications like MS Excel |
General
Ledger Software Review