Features

Transactions

Journal Entry 
>  Records all monetary transactions 
> Only affect financial reports when transactions are posted
> Transactions do not change financial status until posted
> Real-time processing mode allows automatic posting
> Batch mode allows posting through a Posting menu
> Enter simple transactions and post right away without waiting until the regular posting time > normally at the end of the day) > Quick Income and Quick Expense entry screens
Multi-Company Journal > Create transactions across multiple companies
> Transactions can be posted individually
> Use the same Journal entry screens and just change a company code
> Companies can share same account codes
Expense Entry > Enter daily income and post it right away or at the end of day
> When entries are saved they are automatically posted
> Use Journal entry screen for regular posting
Income Entry > Enter daily income and post it right away or at the end of day
> When entries are saved they are automatically posted
> Use Journal entry screens for regular posting
Setup Account > Set up the chart of accounts
> Divide activities into categories and six groups: Asset
> Liability
> Capital (equity)
> Revenue (income)
> Expense
> Adjustment
Summary Accounts > Top-level summary accounts
> Top-level parent accounts and sub-accounts
> Every account, except the top-level summary accounts, has a parent account, and the parent > account can have its own parent account Segments > Set up segments of account codes: profit centers, divisions, departments, etc.
> Automatically creates a full chart of accounts segments
Budget > Set budgets for a given year
> Set up a budget for any account for any year
Journal Code > Set up various journal types with specific codes
> Codes are used in the Journal entry to classify journal types
> Create any kind of journal type
Full System Setup Options
Reports Transactions > Print out posted journals and un-posted journals
Account Activities > Print selected account activity in detail or in summary
Setup Listings > Chart of Accounts
> Budget
> Period
> Journal Code
Financial > Income Statement
> Balance Sheet
> Trial Balance
> Budget vs. Actual
Graphic Reports > Generate graphic reports based upon accounts and types

       
             
 
 
           
GENERAL LEDGER