The core of the ACS Financial Suite, ACS General Ledger centers on flexibility in record keeping and recording with adherence to nonprofit accounting standards. ACS General Ledger is the ultimate tool for creating budget reports, income and expense statements, and balance sheets.
Benefit Highlights
With the assistance of General Ledger, you can
- Use the Built-in integration with Microsoft Excel for budget analysis and projection.
- Check reconciliation option allows you to reconcile each bank account within the software and print a reconciliation report showing total outstanding checks and uncleared deposits.
- Maintain standard bookkeeping practices. All regularly used accounting reports are supplied along with a variety of other informational reports. Posting and printing of transactions may be performed for any month in the current year or previous year.
- Use your existing accounts. Chart of Accounts is presented visually, to help you see the structure and optimize for your needs. Five sub-levels permitted for ease of reporting. Account codes may include up to 20 alpha or numeric characters (or some special symbols such as dashes).
- Enter beginning balances for accounts at start-up.
- Utilitze the extensive budgeting capabilities, including built-in link to Microsoft Excel spreadsheet for 'what if' analysis.
- Cross-reference accounts for departments or projects, making customized reports easy to provide.
- Monitor each transaction to insure it is completed in balance. This protects against searching for the "needle in a haystack" at the end of the month.
- View account numbers and codes can be displayed in drop down lists for all entries. No account numbers need to be memorized.
- Use an unlimited number of checking accounts. Also, multiple "checking accounts" can be created within General Ledger while maintaining only one bank account. For example, one account at First Bank may include three "checking accounts" for First Church (General Fund Account, Youth Account, Women's Club Account) within General Ledger.
- View the Transaction Entry screen so it looks like a check, direct deposit receipt, etc. Drop down list for payees makes entry fast. Memorized transactions permitted for recurring payments.
- Display transactions in ledger format if preferred. Keyboard navigation and entry fully supported for fast bookkeepers.
- Use the Check writer program which is included with General Ledger.
- Reports and results can be viewed before posting, so you can see the effect of transactions before they are finalized.
- Customize reports and save to meet your reporting needs.
- Support FASB 116 and 117 reporting requirements for nonprofit organizations.
- Enter and/or edit your budget for the next year at any time. Copy budget information from one year to another using actual balance ratios.
- Do much more....
