(Previously Solarsoft iVP)
A good General Ledger system provides much more than a “record keeping” function. It should also be a management information system that collects, organizes, stores, retrieves and presents both financial and operational information in clear, concise and often comparative formats. By paying particular attention to operational management needs, while incorporating some of the most powerful features of large mainframe general ledger packages, the General Ledger module is one of the most practical yet versatile systems in use today.
The module includes integrated sub-ledger files of accounts receivable, accounts payable, inventory/production control, capital assets, and third party payroll interfaces; summarized and detailed drill-down capabilities to sub-ledger transactions; reports for cash flow, trial balance, standard, and user-defined financial statements; journal entries and recurring journal entries, with any particular entry being reversible; fixed and flexible budgets; and period end and year-end closing procedures.