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MULTI-DIMENSIONAL GENERAL LEDGER
AND CHART OF ACCOUNTS |
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With Interprise Suite, your accountant gets a multi-dimensional
view of your company's financial information. It supports
up to 5 levels of General Ledger Segments, so it is easy
keep track of expenses for each segment such as offices,
departments, accounts, projects and more. Creating the General
Ledger is a breeze with the wizard-based setup. Budgets
are created and maintained and variances tracked per account
in the General Ledger.
Because Interprise Suite is fully integrated and can support
simultaneous access of unlimited users, all accounting information
is stored and updated in real-time. Get the most accurate
report containing all transactions of your company, and
get a clear view of all your payables and receivables.
- Ability to create custom-made or industry-specific
selection of chart of account structures
- Detailed Account Information
- Detailed Account Transaction History
- Wizard-based COA Setup simplifies General Ledger creation
and maintenance
- Segmented GL that support for up to 5 levels
- Easily keep track of expenses for each segment such
as offices/branches, departments, projects, accounts and
more
- Automatically assigns default accounts used in posting
- Print out a comprehensive COA report
- Statistical analysis of nominal accounts
- User-defined accounting periods, either fiscal or
calendar year
- Automatically produce income statements, balance sheet
statements, cash flow statements and other trend reports
- A full range of General Ledger Reports including multi
segmented reports
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GENERAL JOURNAL: CREATE
ENTRIES FOR TRANSACTION EVENTS AS THEY OCCUR |
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The General Journal is very important for accountants
and audit officials. This will provide the complete audit
trail for all transactions including who, how, and when
they were created. With a completely integrated approach
and drill-down capabilities of Interprise Suite's General
Journal module, details about these transactions are just
one click away. You can even make reversing entries for
dealing with accruals and prepayments. The General Journal
features:
- Complete audit trail
- Drill-down to transaction records
- Drag and Drop grouping for easier analysis
- Support for reversing entries
- Support Prior Year Posting
- Period and year end processing
- Integrated Interprise Word for creating letters
and documents
- Simple query for posted and unposted journals
- Easily create journal entries using journal templates
created from previous entries
- Setup and process recurring journal entries
- Post transactions individually - or in batches
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UNLIMITED
BUDGETING CAPABILITY |
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With Interprise Suite's Accounting module, you can do
annual budget allocations and expenditure programs that
will help expand the value of your financial strength.
You can easily monitor and measure actual vs. allocated
budgets with percentage variances. You have the option
of choosing either a fiscal year or calendar year budgeting
to suit your budget allocation needs. Budget reports allows
you evaluate the expenses easily.
- Setup and maintain budgets for every account necessary
- Apply whole budget amount for each account
- Copy existing budget details from other accounts
- Use incremental values
- Import budget details
- Budget split tables for seasonal businesses
- Edit multiple budgets and accounts simultaneously
- Fiscal year or calendar-based budgeting
- Track and measure actual versus budgeted with percentage
variances
- Drag and Drop functionality for easier analysis
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PROVISION
FOR BAD DEBTS AND WRITE OFFS |
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The Accounting Module includes wizards designed for
the non-account type of user to easily process adjusting
entries such as accruals and prepayments. Wizards are
also provided in making provisions for invoices subject
to bad debts. You can choose to write off outstanding
amounts also through a wizard.
- Filter invoices subject for bad debt provision
or write off by overdue date, minimum balance amount,
or by customer
- Bad debts can be reversed at any time
- Write off routine - you can write off a portion
or the whole balance amount
- Entries generated by the accrual or prepayment
wizard can be amended until posted through the batch
posting routine
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PERIOD/YEAR
END PROCESSES |
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All journal
entries made in Interprise Suite are kept in the "Unposted"
file and can be amended until posted finally into
the General Ledger through the Batch Posting Wizard.
A month end routine wizard is provided to help the
person responsible to do the tasks he expects to accomplish
at the end of an accounting period. The process month
end wizard includes options to process pending recurring
transactions, revaluate stock and multi-currency transactions,
post transactions, and print reports before finally
closing the period. If it is the year end, the system
will prompt the event and make the necessary adjustments.
- Reports are kept (PDF) even if the user chooses
not to print them in the month end routine
- Perform batch posting
- Have UK or EU tools like EC sales report, Intrastat
reconciliation and VAT returns
- Multi- currency revaluation
- Stock revaluation
- Review previous batch posts in a batch post
history
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The Setup menu has options to maintain setup information
used for the Accounting Module tasks. Accounting periods,
default posting accounts, layouts for financial statements
and preferences for accounting analysis are managed
through this menu. Minor setup items such as account
segments and account sub groups are also maintained
here.
- Maintain account codes and add new ones
as your company grows
- Retrospective analysis of debtors and creditors
- Maintain account segments and account sub groups
- Financial Statement Layout - define your own
or copy from financial statement layout templates
- Setup and maintain fiscal year/periods
- Extend or shorten periods and the journal entries
are re-periodized accordingly
- Assign default accounts for posting
- Set preferences as to where the account analysis
would come from
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