General Ledger

Features Include:

• Hierarchical Chart of Accounts – allowing summary or detailed GL reporting, unlimited number of GL accounts.
• Open Item – transactions never need to be cleared down to balances .
• Journal Entries – double-entry General Journals track transactions by account, department, batch.
• Template Journals – to handle recurring transactions (percentage or actual amounts).
• Account Reconciliation – with immediate feedback on closing balance differences
• Multiple Bank and Expense Accounts – for all transactions .
• Fiscal Years and Periods – calendar months, 13 periods per year, or any length of your choosing; fiscal periods can be closed independently for AR, AP, and GL to ensure complete control over postings, and reopened with the correct access level to include missed postings or make adjusting entries according to Generally Accepted Accounting Practice (GAAP) - Bizfinity will reprint P&Ls and ripple forward all account balances
  • Create on the Fly – std
  • Fast Data Entry (Multiple Lines) – std
  • Report in Summary, semi-detail or fully detailed form
  • Convenient data import, or convert directly from Quickbooks
• Item Variants – multiple colors, sizes or other user-definable attributes can apply to items appearing on AR or AP invoices.
• Price Matrix – unlimited prices and discounts can be automatically applied to each sales order, category or item based on special offers by date range, special pricing by customer, coupons or gift certificates, volume and order value discounts; discounts are calculated as dollar amounts or percentages.
• Advanced Features and Controls - create on the fly (accounts, periods, customers, vendors ...), fast data entry (multiple lines rather than line by line), interactive interface (validation, formatting), comprehensive control over access rights including read/write, read only, no deletions, graphical or text only interfaces.
• Forms (Invoices, Credit and Debit Memos) – can be printed on local laser printers, generated automatically using the industry-standard Adobe Acrobat pdf format.
• Reports – Key General Ledger reports can be analyzed by Department, Job and Activity, can be printed for any period (current or past) and can be compared with any previous period with multiple hierarchical levels; all reports are available in HTML and Excel versions.