General Ledger

The General Ledger application summarizes by account, all financial transactions created each month. These accounts are used to print various financial reports that measure agency earnings. General ledger accounts also serve as controls on major fiscal data files in the system. Multiple companies and divisional accounting are supported.

Application Description

As transactions are entered in Production Billing, Media Billing, Accounts Receivable and Accounts Payable applications, general ledger accounting entries are automatically created. Each entry details source, journal and other important information such as client or vendor number and name, invoice or check number, job or estimate number, and date of transaction and application sequence code. General ledger information can be viewed in the account detail as soon as the entries are saved.

Multiple financial report options allow the user to request information in as many formats as necessary. Reports can be printed for any period including prior fiscal year periods.

HIGHLIGHTS

· Interfaces to other applications

· Strong audit trail throughout applications

· Chart of accounts is easy to design

· Multiple companies and divisional reporting

· Automatic accounting entries

· Multiple companies can be consolidated

· Fiscal years and periods can be re-opened

Accounting Periods

· Users can work in up to four open periods

· Closed periods can be re-opened for additional entries

· Fiscal years do not have to be closed to start the next fiscal year

· Closed fiscal years can be re-opened and closed again

Budgets

· Budgets can be entered for income statement accounts

Balance Sheet

· Can be printed in standard, consolidated, comparative and summary formats

Income Statement

· Can be printed in three formats

Standard

Compare to last year

Compare to budget

· Four choices when printing

Standard

Divisional

Consolidated

Summary

Trial Balance

· Format in account or division order or in detail format by selected accounting period or fiscal year

General Journal Entries

· Unlimited number of accounts

· Entries have fields for entering descriptions

Transactions Listing

· Report can be requested by period

· Details GL entries in exact order they were placed

On Screen Viewing

· All general ledger data files can be viewed on screen and print-outs requested for viewed data

Historical Data

· GL data maintained for two years or longer

Ad-Input®

General Ledger | Accounts Receivable | Accounts Payable | Cost Accounting