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General Ledger
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The General Ledger module of IMAS will maintain accurate and up-to-date financial records for your business.
It can be interfaced with other IMAS modules to free your accounting staff for more profitable activities.
It will give you the ability, at the touch of a button, to look at balance sheets and profit and loss accounts, giving the information you need to maintain control in a dynamic market.
The major features of General Ledger include:
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Multiple Ledgers
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General Ledger provides for multiple ledgers within the one general ledger. Each ledger is identified by a unique combination of accounting level 1 and accounting level 2 codes.
You can mix multiple and single ledgers. For example, many companies find the combination of a single ledger for balance sheets and multiple ledgers for profit and loss accounts very useful
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Accounting periods
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General Ledger allows great flexibility in the selection of accounting periods. You can: |
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Post to past or future accounting periods, or process late transactions |
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Choose the number and length of your own accounting periods. |
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Holds up to six past accounting periods, even over year end |
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Journals
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The module can record
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General journals |
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Standing journals |
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Constant journals |
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Auto-reversing journals |
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Interface journals |
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As required by your business |
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Budgets |
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The module allows 99 budget revision levels to be stored for each year. You can see how your company is performing against budget |
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Reports
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General Ledger provides detailed, summary and consolidated formats for trial balance reports, profit and loss statements, balance sheets and source and application of funds statements.
You can produce financial reports for any past or future period at any time. |
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The Integration of the General Ledger Module
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In a fully integrated IMAS system, the General Ledger module can automatically receive and consolidate interface journals from the other modules.
IMAS provides a comprehensive set of clear, concise audit trails that enables you to track all transactions from the point of entry to the final location in the ledger.
Order Entry and Invoicing, Accounts Receivable, Accounts Payable and Inventory and Purchase Order Management, can all send information to the General Ledger module automatically. |
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