Automated Events Features and Functions

• Recurring journal entries are automatically posted by the G/L for each accounting period


• Month-end accruals are reversed, without manual intervention, at the start of the following period


• Line item calculation and posting for clearing entries--generates offsetting entries


• Automatic inter-company posting when entry being posted to more than one ledger within the system at the same time or using the same source (for example, a journal voucher)


• Expense accounts are automatically cleared at year-end close


• Uploads PC-created journal vouchers directly in the system


• Foreign exchange calculated automatically when posting a journal entry in an underlying currency that is different from the general account to which it is being posted


• Transaction completion triggers batch report updates


• Real time posting enables direct transaction posting and journal saves, provided that there are no errors


• Posts journal entries and events to different books concurrently


• Creation of additional financial postings based on financial data entered by journal entry


• Creation of additional financial transactions based on statistical and non-financial data entered by journal voucher


• Continuous transaction numbering with multiple numbering schemes


• Posts journal vouchers to the current period while prior period remains open


• Summary or detail postings to the G/L from sub-ledgers