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Budgetrac’s integrated general ledger supports its project control features by providing complete enterprise, entity and department level reports. Simultaneous cash and accrual accounting methods produce both financial statements and detailed ledgers. Project cost code lists used by all projects connect directly to designated accounts in the general ledger. You can maintain entities as independent ledgers or as individual profit centers in an overall enterprise structure. Budgetrac provides a wide variety of standard and custom general ledger reports, as well as the option to prepare your financial statements in an Excel spreadsheet format. Our date sensitive system allows you to go back to previously closed accounting periods to adjust—with appropriate access controls. This can relieve the stress of period and year-end closings. You can adjust a prior year and update the current year opening balances.
"General Ledger" is part of the Budgetrac Real Estate Developer Software line of products, developed by Budgetrac Systems.