General Ledger, Journals and Budgets
The general ledger is the central recording area for all modules included with Inerva® Enterprise Finance. The general ledger system in Enterprise Finance provides a very flexible chart of accounts, journals, budgets and reporting to simplify and automate the often complex business environment.
Inerva Enterprise Finance general ledger provides the clearest view of you accounts with its well-defined chart hierarchy and live balances in all views.
Automatic roll-up balances are always current for normal posting accounts and control accounts. The chart of accounts feature gives you the freedom to define any number of posting and control accounts. The chart of accounts can be arranged in a hierarchy that has no bounds.
Clearly identified account classes ensure account asset, liability, equity, income, and expense accounts are visually differentiated with individual icons and colours. Enterprise Finance gives your accounting staff the most intuitive functionality available.
Segmented account reporting means any profit and loss account entry from general journal or automated entries from other modules can be recorded against any number of cost centres without the need for lengthy posting accounts in the main GL.
Account templates make it easy to apportion income or expenses to a number of accounts throughout the chart automatically. Use the account templates in any other module that posts to the general ledger including payroll.
A flexible budget system allows you to create any number of draft budgets for any given period. Set up a new budget from another draft or from actual figures. Report from a number of what-if budgets or split year-to-date with projected.
The general ledger module provides for
• Flexible chart of accounts provides for unlimited account hierarchy
• Drill-down to and from journals and source transactions
• Automated posting from all accounting modules
• Account templates for apportioning to multiple cost centres.
• Journal templates for general journal re-use
• Flexible budgets and budget reporting options
• GST enabled
• Integrated cash management
• Internal analysis and flexible export to Excel? and other external analysis tools
• Flexible accounting period management
• Live balances
• Standardised and customisable reports
• Account templates simplify split posting from journal entry and other modules
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