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GENERAL LEDGER MODULE


COMPANY MAINTENANCE PERIODS/DATES UPDATE GL ACCOUNT MAINTENANCE COPY CHART OF ACCOUNTS EMPLOYEE CODE MAINTENANCE JOURNAL SETUP AND SUMMARY JOURNAL REGISTER MAINT COPY BUDGET TO OTHER YEAR PRE-DEFINED FINANCIAL RPT PROJECT OR BUDGET ENTRY FLEXIBLE BUDGET DRIVERS

GL JOURNAL ENTRIES MENU GL TRANSACTION UPDATES MONTH/YEAR END CLOSE MENU GL FINANCIAL REPORT SETUP PROCESS CLEARING ENTRIES GL ACCOUNT INQUIRY

COMPANY LISTING GL ACCOUNT NUMBER LISTING GL TRANSACTION LIST MONTHLY TRIAL BALANCE JOURNAL ENTRY LISTING PERIODS LISTING FINANCIAL RPT PARAMETERS FINANCIAL REPORT MENU GL TRANSACTION HISTORY GENERAL LEDGER SUMMARY GLH BY REF, DATE, OR GL# FLEXIBLE BUDGET DRIVER RPT

GENERAL LEDGER

The ABBASOFT Technologies General Ledger module maintains account balances, produces financial statements, and records the financial activities for any size company. Journal entries can be made manually and the ability to establish and maintain multiple companies is supported.

KEY BENEFITS

  • Maintains budgets by General Ledger account number for all related modules.
  • Assists management in accounting planning and control of funds.
  • Provides efficient internal and external reports.

General Ledger Features

  • Create and update the Chart of Accounts with the ability to delete accounts after the current and prior year balances are zero.
  • Maximum General Ledger account-4 groups of any size.
  • Define Projects and Budgets.
  • Roll Budgets to the next year
  • Chart of Accounts show budget and actual dollars plus the variance percentage for each account number.
  • User-defined General Ledger accounts of 8, 12, or 16 digits entry.
  • User-defined CA Update and Budget Control

Journal Entries

  • Journal entries are updated manually or automatically (both daily and monthly) with individual transaction reference numbers and extended descriptions.
  • Define recurring Journal Entries, Reverse Journal Entries, and Clear Journal Entries processes.
  • Maintain on-line year-to-date account transaction history in detail indefinitely.
  • Process as many trial balances as necessary for any month until all G/L balances are correct.
  • Review Journal Entries by reference number before they are posted and moved to the history file.
  • Individual period support for installed modules.
  • Rebuild and purge G/L files.
  • Produce customer financial reports.
  • Create Pre-Defined Reports.
  • Update periods or period end dates.
  • Journal entries can be made to prior period
  • Account Groups are user-defined.
  • Comparison percentages based on:
    • Current month
    • Current month to budget
    • Year-to-Date
  • Variance amounts are calculated for:
    • Current month to budget
    • Current to prior year month
    • Year-to-Date to budget
    • Current to prior Year-to-Date
    • Transaction history with beginning and ending period balances in summary and detail.§
  • Process G/L Transactions for:
    • Current period
    • Prior period
    • Future period

Additional Features

  • Multiple Accounting Periods
  • Multiple Financial Reports
  • Balance Forward Accounts
  • Multi-Company Chart of Accounts
  • Flexible Budget Repor
  • Transaction Listing in Detail or Summary
  • Monthly Trial Balances
  • Journal Summary Set-up
  • Monthly Clearing Process
  • Excel Spreadsheet option for Monthly Trial Balance

Flag Selectable Controls

  • Budget Control by Accounting department
  • Post Sales from Customer Type or Product Category
  • Variance Based on Actual or Budgeted Figures
  • Monthly Trial Balance option for consolidated companies
  • Validate Account Ranges on Financial Reports
  • Multiple General Ledger Companies
  • Skip Balance to 0 Error Check in GL Update