General Ledger

The General/Nominal Ledger is the hub of your accounting system, and ABM provides you with accurate and up to date information at your fingertips. Each general ledger account can be analyzed in one or two dimensions, using sub-accounts to control your finances by department, cost centre, and so on.

Features Include:

• Budget Wizard
• Up-to-Date Information
• Multi-Currency
• Flexible Accounting Periods
• 16 character account codes (alphanumeric) - may be split into any combination of department, activity and account codes.
• 35 character account description
• 40 character transaction detail
• Create Cost Centres or Departments when needed.
• Cashbook entry and reporting
• Handles accruals
• Produces Profit & Loss statements and Balance Sheets.
• Automatic posting of variance due to currency fluctuations.
• Fully customizable...store up to 48 extra pieces of special information in each ledger account.
• Tracking of committed funds - keeps track of overheads already committed, although not yet spent.
• Standing Journals
• Reconciliation reports for each subsidiary ledger
• Cheque printing and electronic payments
• Set up business expenses once, and process automatically when due.
• BAS / GST / VAT Return