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GENERAL LEDGER
How much money is coming in? How much is going
out? Where do financials stand today? You need to know these things about
your business on a day-to-day basis. OPEN SYSTEMS® Accounting
Software (OSAS) General Ledger application is the center of your accounting
system. Entries from other applications flow into General Ledger, giving
you timely financial information that is vital to your decision-making. You
can maintain your journal, log recurring entries, generate audit trails,
and create custom financial statements and reports for up-to-date results
on your company's activities.
Access vital information and gain flexibility; save time and data entry
costs.
You determine which information you want, when and how you want it. General
Ledger provides sample financial statements and reports. You can personalize
these reports to suit your unique information needs. Storing data for
multiple companies in separate files allows you to view and compare each
company and its period or division data side by side on your reports. With
forecast budget and last-year comparison data, you can identify business
performance trends and capitalize on them. The recurring entries feature
saves time and data entry costs by eliminating the need to re-enter items
such as depreciation each month.
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Additional General Ledger Features:
- You'll be able to work in two years at the same time. When doing your
year-end processing, you can update the current year without closing out
last year's files, giving you up to two years of online reporting.
- You'll appreciate having multiple-year functionality. It allows you to
see what percentage you've grown over the years—vital information when
applying for a loan.
- Divisional and departmental accounting is simplified by user-definable
account number masks.
- You can include arithmetic calculations for percentages, averages,
rounding, consolidated statements, ratio analyses, and print-time inserts
for headers and footers in reports, giving you personalized financial
statements. You can create new General Ledger reports more efficiently
with the "copy from" feature.
- transfer financial statements to Lotus 1-2-3 and other productivity
tools using the transfer feature, allowing you to put the information into
a worksheet format.
- You'll be able to create lists of customized statements for the whole
company or for selected divisions, departments, or subaccounts and print
them as batch statements.
- Save time with automatic reversing entries in all periods. You won't
have to re-enter the reversals manually during month-end accrual.
- Your reports will be sorted the way you want and will print faster with
user-definable account segments such as divisions, departments, or
subaccounts.
- A cash flow statement is automatically created. This is an important
requirement needed to produce the appoved set of financials required by
most banks for loans.
- Set up your budget quickly with the Account Budgets function. You won't
have to start from scratch; you can copy amounts by percentages or dollar
amounts, or allocate an amount over a range of periods.
- You can post to any period in the current or last year. Because you can
access data in both years, you can easily make adjustments for audit
purposes and can start the current year properly.
- Group similar accounts together with account types. You'll save time
when formatting financial and cash flow statements.
- You can copy the chart of accounts from one department to another.
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General Ledger Reports:
- General Ledger Journal
- General Ledger Activity Report
- Trial Balance
- Batch Statements List
- Recurring Entries List
- Statement Layout List and Statement Content List
- Accounts Segments List
- Allocations List
- Audit Trial Balance
- Chart of Accounts
- Financial Statements
- Unwritten Transaction Report
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