The Fund Accounting Software module provides an alternative to manage responsibility grouping within the business not used as the GL Department, such as location, functional department or responsibility center. Or, it may be used, as its name implies, to track Funds by source and their usage. It provides standard financial accounting reports based on the Account and Fund information in the Accounting Software module. The reports available are similar to those in the General Ledger Software. Cash Flow and Change in Financial Condition Statements along with other required reports can be user defined with the AC Accounting Summary Report Generator.
This module is set up with the same Accounts, Fiscal Periods and reporting structure as the General Ledger Software. It uses the same records as the General Ledger Software except that it uses a Fund instead of the Department as the basis of its management reporting. However, at the “consolidated” level, the reports must be the same in each module. By entering a Fund code in your accounting entries, you are able to track the accounting data in an alternative dimension to that used in the General Ledger. This can be beneficial in a wide variety of management reporting, analysis and decision making.
This module integrates with all ABECAS™ Insight modules to provide an alternative set of financial accounting information for your company. The details are accumulated in the Accounting Software module from both internal and external sources. This includes the accounting information associated with every ABECAS™ Insight transaction whether from keyboard entries, imported data or handheld devices. Accounting details may also be updated from external sources. Journal entries made in the Accounting module for the General Ledger are similarly used for the Fund Accounting.
Features:
- Trial Balance with Drill Down Capabilities
- Trial Balance for one or all Fiscal Periods in a Fiscal Year
- Multiple standard Balance Sheet reports including one, two, three, and all Fiscal Periods as balances or changes with or without percentages. Multi-year comparisons.
- Multiple standard Income Statement reports including a definable current period, Year to Date and multiple Fiscal Periods with or without budgets and percentages. Multi-year comparisons
- Definable reporting periods, accrual- or cash-basis, level of detail, rounding, Funds to include, Company level Consolidation
- Fiscal Period account detail for any range of Accounts and periods
- Budgeting at any level of detail, including by Fiscal Period
- Email, fax or print reports automatically through Task Agent or manually
- Deterring fraud with an audit trail that tracks changes by User ID and date
- Ad hoc reporting with ASCII/Excel® file export
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