General Ledger

To control and guide today's professional service firms, decision-makers need to have access to current and accurate data. To make the most effective investments of firm time and money, profitability needs to be closely tracked for various practice areas. Elite offers a sophisticated, fully integrated system that provides exceptional features and reporting flexibility.

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Features

• Support for multiple accounting methods accommodates unique requirements.
• Flexible account breakdowns by department, office, etc. provide true profit center analysis.
• Online design makes closing periods and years easy by eliminating the need to post and update before closing.
• Comprehensive statement formatter facilitates in-depth views of the firm's financial situation with drill-down to underlying detail.
• Automatic reversing of entries permits easy error correction without extensive rekeying.
• ASCII upload and download features accommodate sending payroll information to the general ledger, eliminating lengthy manual journal entries.
• Comparative reporting of actual to budget, current period to prior, etc. facilitates comprehensive trend analysis.
• Allocation rules allow predefined postings to be made by percentage to any number of accounts – useful for splitting postings such as malpractice insurance across a number of specific accounts.
• Ability to consolidate postings from any subsidiary set of accounts to a higher level set of accounts at the home office provides both independent and consolidated statements.
• Online account activity by period, with "zoom" capabilities to underlying detail, provide timely and succinct information upon request.
• All reports display to screen, printer or file and provide extensive query options.
• Define reporting detail level on an account by account basis.
• Produce departmental balance sheets to understand actual costs and to establish and maintain individual profit or cost centers.
• Extensive query lets users select any range of dates and accounts for any report.
• Easy-to-use request list for financial statements with drill-down to detail, queues multiple statements and executes them consecutively.
• Journal descriptions of up to 10 lines of descriptive text provide accurate and detailed information.
• Embedded function lets you selectively query ranges of accounts within any portion of the account department field.
• Subsidiary consolidation feature provides consolidated view of the firm's financial position.
• System supports multiple balance sheets with proper handling of inter-company accounts.
• Supports foreign currency.
• User-defined account segments allow firms to identify their account structure.