Ledger Development and Management Features and Functions

• Manages disparate sets of books for each entity


• Users may manage and update a set of books for each entity's ledger


• Assigned books use ledger calendar and chart of accounts


• A currency base and the reporting year may be determined and set for all books


• Divides sub-ledger into smaller components for departments, cost centers, expense categories, projects, etc.


• Sequential account numbers are not required in order to subtotal accounts


• Maintains SKU-specific shipment, return and bad debt unit, and dollar amount data, when GL accumulation of data may be at higher level of aggregation such as when multiple SKUs are consolidated together


• Manipulates data within the GL and sub-ledgers according to preset or calculated parameters defining allocation of postings


• Calculates and posts expense items in accordance with an established group of allocation models


• Runs monthly processing jobs at the same time instead of one at a time


• Runs monthly statements and budgets at the same time


• Different exchange rates for month-end processing and budget or reforecast creation


• Different overhead/burden rates for month-end processing and budget or reforecast creation


• Ability to work online with financial systems while closing jobs are in process