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The General Ledger module is a stand-alone module that can also be integrated with other Advantage modules. The General Ledger module can produce financial statements based on check and journal entries that can be entered directly into this module or can be updated from other modules. Both 12 and 13 period accounting cycles are supported. Historical totals are retained for each period in the preceding year which is then used to produce comparative analyses and other reports.
General Ledger can receive posting data from any or all of the following modules: Accounts Payable, Accounts Receivable, Payroll, Job Cost and Fixed Assets. The Bank Reconciliation module can gather check and deposit data from General Ledger as part of the bank statement reconciliation process.
The RTS-Advantage General Ledger module can have an unlimited number of accounts and users can enter an unlimited number of postings. As transactions are entered within General Ledger, several key numbers are displayed and updated: current profit/loss amount; total document amount; and zero proof. Users can also establish recurring journal entries to be posted periodically and can also define automated distributions to department and sub-accounts.
Entries can be posted to the Chart of Accounts whenever you need to and you can post multiple times within a period. As entries are posted, you may manually enter a net profit amount or have the system calculate and post it automatically. Prior period entries are credited to the proper historical periods automatically and flow through to the present to keep your financial statements current.
"RTS-Advantage General Ledger Module" is part of the Roundtable Software Advantage Accounting System line of products, developed by Roundtable Software.
Roundtable Software Advantage Accounting System is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.