Financials Features and Functions
Financial system modules for bookkeeping and ensuring accounts are paid or received on time.
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General Ledger
General ledger keeps centralized charts of accounts and corporate financial balances. It supports all aspects of the business accounting process. In this module, financial accounting transactions are posted, processed, summarized, and reported. It maintains a complete audit trail of transactions and enables individual business units to view their financial information, while parent companies can roll up all business subsidiaries and view the consolidated information.
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Accounts Payable (A/P)
Accounts payable schedules bill payments to vendors, and keeps accurate information about owed money, due dates, and available discounts. It provides functionality and integration to other areas such as customer service, purchasing, and inventory. The sof
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Fixed Assets
Fixed assets manages depreciation and other costs associated with tangible assets such as buildings, property and equipment. The software should support the following functionality: fixed assets records; asset transactions; asset depreciation; depreciatio
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Cost Accounting
Cost accounting analyzes certain common costs related to education or endowment activities. It provides a flexible approach for allocation of these costs to various groups or divisions of the organization for internal and external reporting purposes. The
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Treasury/Cash Management
Cash management involves the capability of the system to record cash charges or deposits, recording of cash payments and receipts, cash projection reporting, calculation of expected cash uses/sources, current cash availability, etc. It monitors and analyz
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Budgeting
Budgeting involves budgetary controls, budget accounting, budget development, and budget allocation. The software should provide sufficient tools to enable detailed budget development and analysis. Additional functionality should be available to integrate
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Accounts Receivable
Accounts receivable tracks payments due to a company from its customers. It contains tools to control and expedite the receipt of money from the entry of a sales order to posting payments received. The software should support the following functionality:
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Financial Reporting
Financial reporting enables robust analysis of company performance through delivered reports. These reports will allow individual business units to view their financial information, while parent companies can roll up all business subsidiaries and view the
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Project Accounting
Project accounting uses financial practices to monitor the schedules and spending of projects.
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Student Activity Funds
Student Activity Funds comprise of student organizations that raise and spend money in order to promote the general welfare, morale and educational experiences of the students. Student funds finance worthwhile activities.
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Financial Global
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ERP for School Districts Features and Functions
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