Parameters and Structuring Features and Functions

• Lean manufacturing accounting practices and methods (i.e., manufacturing overheads based on cycle time including labor)


• Fiscal calendar is defined by the user


• Calendar periods are defined by the user


• Calendar can be defined as uneven periods, adjustment periods, or to a maximum of 366 periods


• Multiple calendars


• Twelve or thirteen fiscal months


• Fiscal quarterly periods can be defined as 4-4-5, 5-4-4, or 4-5-4


• Organization of calendar periods determined by the user


• Calendar may be organized in a variety of ways, supporting 999 periods in a financial year


• Open any number of fiscal years or calendar periods at the same time


• Sets reporting entity and its organizational characteristics


• User may choose between data collection and real time posting modes


• Tracks items in the G/L and sub-ledger by quantity and value (in whichever currency is used)


• Maintains unit and dollar amount postings in GL and sub-ledgers


• User-defined criteria for system purges for general ledger transactions, journal vouchers, and accounts payable data based on the number of years or months of data required to maintain--each purge type has its own unique criteria


• Sub-ledgers closed out prior to performing a purge. The closeout process sets all financial account balances in the sub-ledger to zero by posting an equal and offsetting transaction


• Specifies a key and rules to have the system automatically purge all records related to the key throughout the system--sub-ledger accounts, sub-ledger transactions, tables, rates


• Automatic check to ensure that prior to deleting a financial record, the account balance must have been "closed out" (i.e., nets to zero)


• Translation of balance sheet accounts including the ability to have a default rate (spot) that can be overridden on an exception basis (historic), on an account-by-account basis - do not want to set up a rate for every balance sheet account - the override rates will differ ledger to ledger


• Automatically inserts actual account balances into the elapsed month's bucket in a future forecast file at the end of each accounting period when the system rolls into the next period


• Prevents roll from one accounting period to the next unless the last job run is the financial statements


• Audit log required for any changes to table information that may contain rates and information used by the system in any way; log contains before and after, change, date, and user identification


• Flexible general ledger key with multiple levels


• Exception reporting with drill down capabilities


• Change cross charge percentages without retroactively changing previously published financial information


• Provision for use of standards that can be automatically propagated throughout the system to the various ledgers


• Automatic year-end rolling of balances in sub-ledgers and general ledger control accounts


• Automatic linking and posting of control accounts from related sub-ledger accounts


• Processes jobs in edit and update mode


• Jobs required to include error and warning messages on reports


• Reports to include a control report that lists pages on which errors and warnings have occurred


• User-defined controls to allow specific jobs to update multiple times in a period


• Provides posting views at the company, market, and title/SKU level


• Table master functionality--sets parameters in a table, has jobs read the table, and creates postings or reports accordingly


• User-defined field names for tables


• Method for verifying keying to ensure only appropriate records updated


• Archiving of transaction history as well as purge from active files