Transaction Processing Features and Functions
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- Distribution to unlimited project and cost codes accounts
- A running total shows the total debits and credits as they are being entered
- Posting of financial transactions to open periods
- Posting of budget, commitment, or statistical data to any open or future period
- Automatic creation of general ledger transactions with appropriate debit or credit offsets
- An accounting date or effective date, indicating which cost ledger accounting period is to be posted
- E-mail and workflow routing and tracking of unposted transactions and related images for approval
- Provide for recording and tracking of contingent liabilities by project
- Provide for recording and tracking of preliminary notices by project and contract
- Support a posting interface which permits simultaneous updates of the general and cost ledgers when financial transactions are posted to either ledger
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Project Accounting Features and Functions
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