General Ledger
Expandable GENERAL LEDGER collects the current and historical information required to analyze and control a company’s financial activities, provides functions to enter and control journal vouchers, prepares budgets and creates detail transaction and balance sheet reports.
General Ledger integrates with all other Expandable functions and features the FRx Visual Financial Reporting Software.
The chart of accounts is used to validate financial transactions created by other functions. General ledger transactions created in other functions can be automatically passed to Expandable’s ledgers on user command.
The General Ledger account transaction program displays detailed transaction data for individual accounts.
MODULE FEATURES
Chart of Accounts Maintenance
- Types (assets, liability, equity, sales, expense)
- Account structure broken into three sections for better control: company, department and natural account number
- Status (active, inactive)
- Copy capability
- Alphanumeric or numeric account numbers
- Multiple company
- Foreign currency
Ledger Balances
- Controlled by fiscal years
- Supports 12 or 13 fiscal periods
- Controlled by user-defined types such as:
- Financial data (required
- Statistical data (headcount, units produced)
Posting/Closing Cycles
- Current period
- Multiple period
- Prior period
- Prior year
Online Journal Entries
- Running balance totals
- Manual journals
- Recurring/standard journals
- Skeleton/template journals
- Automatic reversing option
- Scrolling review capability
- Automatic GL transaction collection
- Batch balancing and reporting
- Prior period entries
- Prior years entries
- Future period entries
Trial Balance Reporting
- Retention under user
- General Ledger History
- Historical reporting
- Accessible to customized financial reporting
Account Summary Reporting
- Collects subsidiary ledger transactions:
- Accounts payable
- Accounts receivable
- Purchasing
- Job costing
- Labor
- Calculates current fiscal status for selected accounts (e.g. cash)
Make your month end adjustments using the Journal Voucher Editor
Budgeting
- Online entry
- Multiple budget versions
- Budget file maintenance
- Budget copy capability
- Budget comparisons