General Ledger Module (GLM)
The General Ledger Module allows the user to control all ledger accounts through Journals and Cashbooks. The ledger accounts may be viewed via a tree view and caters for an unlimited amount of levels down. A T-View of all posted entries is also available. There is no need to print any documents, as a record of all Journals, Cashbooks and Bank Reconciliations completed is stored. Drill down to the source records.
General Ledger Module (GLM) Features
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GLM Features |
Description |
Benefit |
|
General Ledger |
General Ledger can be sold as a standalone module. |
Ideal solution for small businesses wanting to save money and only require journals, cashbooks and bank recon features. |
|
General Ledger Maintenance |
Unlimited amount of tree levels allows a reconciliation to contain many Add On accounts.
Codes of ledger accounts can be changed even after the transactions have been posted. Once changed, the system will still retain a full history of accounts. |
With unlimited tree levels information can be easily accessed and analysed, eg. The company’s phone bill can be broken down into several Add On accounts such as ADSL, fax, surcharges etc.
(The unlimited amount of tree levels is a unique feature). |
|
Journals |
Journals are controlled via an authorisation process. A clerk can capture the transaction and the financial manager can release into the books after verifying the information.
Journals can only be posted if they balance. Journals can be created on the fly without complicated set up for batches. |
Authorisation process assists companies in correction of Journals before processing to books. On-going journal posting saves time. |
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BankIT |
Huge ERP bank file import with intelligence rules |
· Quickly import your bank statement · Teach the system the allocations for quickly cashbook creation |
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Cashbooks |
Cashbooks are controlled via an authorisation process. A user captures the transaction and the manager releases the transaction into the books after verifying the data.
Cashbooks cater for splits on ledger accounts. Cashbooks can be created on the fly without complicated setups for batches. |
Improved financial control and reduction of errors.
A split ledger account allows for more detail in the cashbook eg Multiple ledger allocation from one purchased slip
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Bank Recons |
Retains cashbook balance and bank balance |
When saving, there is no need to print as the system stores a copy of the reconciliation for both standard bank recon print outs as well as what was reconciled.
(Most other applications require the user to print the bank reconciliation as this cannot be retrieved from the system). |
|
Account Analysis |
Allows for detailed analysing of all accounts.
This analysis feature allows every ledger account to be analysed including output to line graphs and bar charts. |
More detailed management reports enable better business management. |
|
Financial Reports |
Allows management to run various reports in order to analysis the business |
Business analysis down to transaction level ensures hands-on management and business expansion |
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