The Fund Accounting module is often used as a supplement to the traditional General Ledger.

It enables you to assign other dimensions, such as:

  • Locations
  • Functional departments
  • Responsibility centers.

It may also be used to track funds by source and by usage.

Because it is fully integrated, the information can be used to generate standard financial accounting reports based on the Account and Fund information in the core Accounting Software module. These reports available are similar to those in the General Ledger Software. Cash Flow and Change in Financial Condition Statements, and others. Use the Fund Accounting categories to define your own reports and for in-depth analysis.

How the Fund Accounting Module Operates

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 useful across a wide variety of management reporting, analysis, and decision making.

The 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 ledger.

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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