General Ledger

The VFP Accounting General Ledger system provides a real-time, accurate, financial system with audit trails and drilldown that helps you manage your business.  VFP Accounting modules pass transactions seamlessly into the ledgers for later review and analysis.  Included are journal entries with audit trail reporting and . complete financial statements, balance sheet and income statement.

  

• User definable Chart Of Accounts (COA) which allows using numbers or letters for the account identifier.
• Define a fiscal year or calendar year.
• Each COA entry allows assignment of several characteristics. Have budgets assigned, cost or profit centers assigned, mutli-currency, make adjustments for currency changes, make adjustments for inflation, identify an account as being deferrable, identify an account that requires entry of a vendor or customer code, requires a document number.
• Automatic Inflation transaction processing for accounts that are affect by inflation.
• Automatic currency transaction processing for accounts that are affected by currency fluctuations.
• Create user definable balance sheet and income statement format by creating categories and groups.
• Allows for budget reporting for current period and prior periods.
• Define up to 12 accounting periods and end of year period for adjustments.
• Maintains unlimited historical posting detail.
• Maintains unlimited prior years data allows printing of all financials statements and reports for any prior year.
• Allows posting into future periods and run financials for future periods.
• Complete audit trail for all batches with drill downs to the original document.
• Supports profit centers and multi-location reporting.
• Profits centers can have up to four tiers.
• Print P & L consolidated or by each tier of the profit center.
• Allows for batch processing of journal entries for multiple batches at a time. Select which ones you want to post.
• Allows posting to external system.
• Journal entries may be imported from external systems.
• Import payroll data from external payroll source.
• Export data to excel or flat file.
• Sequential batch number control from linked modules with sources, AP for posted AP vouchers, AP02 for checks, APQC for quick checks, AR, PR, PO for purchase orders, etc.
• Extensive query utility to lookup batches and posted data by a diverse group of parameters.
• Create your own source for journal entries and allows reporting by source.
• Recurring journal system that links with the Accounts Payables module.
• Linked Modules: Accounts Payables, Accounts Receivables, Invoicing, Inventory Control, Purchase Orders, Bank Reconciliation and Payroll.
• Allows having up to two years open at once.  No need to close periods for two years.
• Lock prior periods to disable posting to prior periods from all journals or selected journals.
  
  Reports.
• Chart of Accounts listing.
• Category listing.
• Group listing.
• Profit center listing.
• Budget Analysis
• Cost center analysis.
• Profit center analysis.
• Income Statement
• Balance Sheet
• Trial Balance
• General Ledger
• Profit Analysis
• Statement of Cash Flow