A state-of-the-art G/L package for the iSeries that allows you to drill down or roll up from the account level by simply clicking the mouse. Advanced features like sorting, filtering, and prompting are also a mouse click away. A configurable income statement and balance sheet are output in a true spreadsheet format. Plus, data can be exported in a CSV format. You can also set the system up to e-mail reports to location or department managers.
Accounts payable and payroll accrual on demand
The ability to make either general, accrual (reverse next month), or recurring journal entries
Automatic tax and insurance expense calculations
Allows for multiple companies
Allow multiple periods to be open at the same time
Can automatically create year-end entries to post to retained earning (owners equity)
Prevent journal entries from sources other than G/L once a period is closed or prevent all entries when a period is finalized
Reversing entries will automatically post to both periods
Recurring entries will automatically advance to the next period once posted
Extensive edits to prevent out-of-balance entries
The chart of the accounts numbering system is the ICC chart of accounts (xxxxxx). In addition, there are provisions for terminal or branch designation (up to 9999) with separate terminal P & L statements available.
The Asset Accounting System provides for tracking of all assets and allows for automatic depreciation/amortization journal entries to the general ledger.
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