NEWSTAR Financials

Empower you financial mangers with NEWSTAR Financials, a single powerful tool that provides everything required to design multiple levels of financial reporting and automatically distribute transactions across multiple companies/divisions with no restrictions on how many periods or years can be open at one time.

General Ledger

• Flexible master/sub chart of accounts provide easy cross-company consolidations as well as control over active accounts within each profit center/division
• General journal, accrual and recurring entries reviewed prior to update
• Handles cash basis and/or accrual accounting

Financial Reporting and Budgeting

• Comparative financial statements
• Budgeting (original/revised/forecast)
• Comprehensive reporting code capability used to classify and group transactions in an account

Multi/Inter Company Processing

• Set up inter-company relationships
• Inter-company balance comparison sheet

Taxation:Authorities (Federal, State/Province, City)

• U.S. and Canadian tax reporting
• Three levels of taxation

Banking

• Check preparation
• Multiple bank accounts/trust bank accounts
• Full bank reconciliation including deposits and charges

Consolidations

• Roll up to multiple user-definable levels
• Currency conversion at any level
• Handles varying ownership interests

Accounts Receivable

• Comprehensive home owner inquiries with drill-down to original deposit distribution
• Invoicing with reprint capability at later dates

Accounts Payable

• Integrated to the subcontract system and the purchase orders
• Automated PO processing
• On-screen review of invoices for payment schedule
• Cash requirements includes future payable and handles partial payments & payment on-account
• Hold status by invoices or supplier to include reason
• Configurable rules to track insurance and other license expiry dates, to hold or reject invoices, or deduct amounts, as necessary

U.S. and Canadian Payroll

• Unlimited number of payroll companies (pay cycles) with multiple payroll options (weekly, bi-weekly, monthly, etc.) in U.S. and/or Canadian currency
• User-definable pay types (regular, overtime, vacation)
• User-defined benefits, calculations, deductions
• Fast processing of recurring pays, i.e. salary payrolls
• Multi-union requirements (including multi-union per employee per pay)

MICR Checks

• Checks on-site, complete with special magnetic ink encoding required by banks
• Easy check preparations regardless of bank account
• Use one check form for all bank accounts