Key Components

• Corporation Master: Defines separate financial entities
• Chart of Accounts: Three blocks of four digits for account numbers
• Sub-ledger Types: Allow for departmental or other breakdowns
• Financial Statements: Customizable reports including balance sheet and income statement
• Journal Entries: Including distribution and allocation templates
• Bank Reconciliation: Process for matching bank statements to system records
• Budgeting: Tools for creating and comparing budgets to actuals
• Period Closing: Ability to close different areas of accounting separately

Important Features

• Auto-reverse and recurring journal entries
• Import capabilities for journal entries
• Consolidation of multiple corporations
• GL account overrides by division or customer/vendor
• Customizable financial statement layouts
• Bank reconciliation worksheet
• Budget copying and reporting
• Year-end procedures including opening new fiscal years
• GL account duplication across corporations
• GL recoding utility for chart of accounts restructuring