General Ledger Features
ManageMore general ledger comes with a host of features that help you manage your financial data. Some of the most important features are listed below.
General Ledger Features
- Drillable account register with abilty to add transactions directly to ledger
- GL account number can be up to 15 characters in length
- Automatic GL posting option can update your ledger without manually posting fiscal periods
- Flexible date-based design virtually eliminates need for dealing with closing of fiscal periods
- 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
- GL accounts can use segments to represent cost centers, departments and divisions
- Pre-defined chart of accounts for over 100 different business models
- Automatically balances journal entries and allows for previewing or printing before posting entries
- Automatcically reverse specified journal entries on a future date for end of period accruals, adjustments
- Set default tax parameters per General Ledger account
- Post to any date period in the past or into the future
- Account search by GL account number or description
- Support for bank reconciliation as well as any other account reconciliation desired
- 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.
- All financial reports can be run for any period at anytime
- Fixed allocations feature allows you to associate and distribute a single GL accounts activity to an unlimited number of other GL accounts
- Drill-down from Financial Statements to details to original transactions
- Unlimited bank accounts can be setup per company (e.g. Operating Account, Payroll Account, Credit Card Account, etc.)
- Year-end closing process is automatically handled by the program
- 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
- GL accounts can be associated to an alias account for quicker and easier input of journal entries
- 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.
- Allows choice on the level of detail that is posted from the sub ledgers per account
- Most financial reports can be exported into ASCII and/or directly exported into spreadsheet applications like MS Excel
