General Ledger

Fully flexible characteristics

Answer General Ledger is the core integration point for all other Answer applications including Manufacturing, Distribution, Financials, Plant Maintenance, Retail Management and Warehousing Management.

See substantial productivity improvements using Answer General Ledger. Decentralise your financial controls with data confirmation and reporting as needed.

Key features include:

• Fully flexible characteristics, easy to set up and customise for your needs
• Support for all types of journals
• Flexible company consolidation facilities
• Complete control over report content

Answer General Ledger fully integrates with all other Answer Modules, the only exception are the planning modules.
As part of this integration, all Sales, Purchase, Stock, WIP, Plant Maintenance, Retail Management and Warehouse Management movements validate the account codes in real time.
All relevant ledger movements such as accruals and VAT/Tax accounts are handled automatically as part of the entry of the originating transaction.

Answer General Ledger can hold either a single, common chart of accounts for all Companies/Entities or dissimilar chart of accounts to reflect the distinct requirements of each Company, Business Unit or Entity.

In addition to the Company structure, a user definable Account Structure is available with up to 20 characters alpha numeric including up to 10 levels or overlays as referred to in Answer.
Each Company can utilise its own base currency.

Further Group Accounts can be created into which Detail Accounts and other Group Accounts roll up into. This enables unlimited levels of analysis, browsing, budgeting and reporting.

You can also define as many different hierarchical charts of account as needed for your business requirements. These simulations can be full or partial charts of accounts as required.

Main Features

Answer General Ledger supports all types of Journals, Standard, Reversing, Recurring, Skeleton and Statistical; it supports user definable allocations, so enabling the company's books to be closed quickly and improving your overall productivity. Full Journal Drilldown is available for auto-operated Journals from other Answer Modules.

Flexible Company Consolidation facilities allow companies to be consolidated in a number of ways. These can be full companies in their own right with expenses, revenue, and balance sheet items etc. There are no artificial Head Office/Subsidiary restrictions. The Consolidation relationship is user definable as is any account elimination.

All Consolidations can easily be tracked via the use of the Journal Review facilities to find out within a particular General Ledger Account from which company and/or other General Ledger Account numbers this consolidation information originated.

With the General Ledger you can choose to budget at the detail level or at any other intermediate level from within the Group/Detail hierarchical Roll Up Structure. Value or Percentages can be used to enter budgets into the General Ledger using Budget Profiles; Automatic Spread facilities, Mass Creation from Actuals, Same as Except with changes or via an external interface using an ASCII File from a spreadsheet.

Reporting provides the user definable reports for Income Statements, Balance Sheets and other types of Financial Management Reporting. This can utilise the main Company/Group/Detail Hierarchical relationship for printing purposes or can use one of the previously defined Simulation Summaries.

You have complete control over the report content, the level of detail or summary information to be presented. Financial Reporting provides facilities to determine the rounding characteristics i.e. rounds in 10's 100's 1,000's etc. for the statement of their values to any other Currency and the Rate to be used.

Use Statistical Accounts to track and report any non financial details you want to record.

Key Features Core integration point for other applications Improve productivity Fully flexible characteristics Support for all types of journals Complete control over report content All relevant ledger movements handled automatically Single or common chart of accounts User definable account structure available Supports user definable allocations to improve productivity Flexible company consolidation facilities Journal Review facilities to track consolidations Budget at detail or any intermediate level User definable reports

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