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SOFTWARE EVALUATION CRITERIA
Sunday, November 22, 2009
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> Software Evaluation Criteria >
Discrete Manufacturing ERP
> Financials >
General Ledger Page: 1
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A currency base and the reporting year may be determined and set for all books
(81
product(s) support this feature
)
Ability to work online with financial systems while closing jobs are in process
(83
product(s) support this feature
)
Accommodates multiple currencies for transactions accounting and financial reporting
(85
product(s) support this feature
)
Account activity and balances for current period available online
(87
product(s) support this feature
)
Account activity and balances for current year available online
(87
product(s) support this feature
)
Account balance for previous year available online
(87
product(s) support this feature
)
Account balances for the previous twenty-four months
(88
product(s) support this feature
)
Account balances originating from different sources may be consolidated for financial reporting
(86
product(s) support this feature
)
Account description field accepts up to twenty-five alphanumeric characters
(86
product(s) support this feature
)
Account numbers may be alphanumeric
(79
product(s) support this feature
)
Account numbers may contain upwards of thirty alphanumeric characters
(77
product(s) support this feature
)
Account structures such as the name and order for each part of the account may be defined online
(88
product(s) support this feature
)
Accounting periods may be designated by calendar or fiscal years
(82
product(s) support this feature
)
Accounts cannot be created until an initial transaction is posted
(79
product(s) support this feature
)
Accounts cost centers and departments are ordered in a logical manner or in numeric sequence
(81
product(s) support this feature
)
Accounts may be added to the chart of accounts with characteristics replicated for all departments
(82
product(s) support this feature
)
Adds transactions to a period after it has been closed
(79
product(s) support this feature
)
Adjusts prior periods
(85
product(s) support this feature
)
Allots entries to cost centers and divisions by means of a G-L validated formula
(84
product(s) support this feature
)
Allows entry of any other currency on journal voucher
(80
product(s) support this feature
)
Alphanumeric account keys
(81
product(s) support this feature
)
Amount designated for a planned project available online
(85
product(s) support this feature
)
Analysis fields may be defined by users
(81
product(s) support this feature
)
Analyzes deviations and changes in volume efficiency and standard rates
(85
product(s) support this feature
)
Archiving of transaction history as well as purge from active files
(85
product(s) support this feature
)
Assigned books use ledger calendar and chart of accounts
(80
product(s) support this feature
)
Assigns a particular currency to each account
(81
product(s) support this feature
)
Associates titles and description information with all accounts
(87
product(s) support this feature
)
Audit log required for any changes to table information that may contain rates and information used by the system in any way log contains before and after change date and user identification
(86
product(s) support this feature
)
Audit trails are available in detail for both internal and external auditing
(86
product(s) support this feature
)
Authorization required for manipulation of historical data
(84
product(s) support this feature
)
Automates journal entries which occur in each period
(85
product(s) support this feature
)
Automatic A-P entries and maintenance by interfacing with another accounting system
(88
product(s) support this feature
)
Automatic cash account entries and maintenance by interfacing with another accounting system
(88
product(s) support this feature
)
Automatic check to ensure that prior to deleting a financial record the account balance must have been closed out ie nets to zero
(82
product(s) support this feature
)
Automatic inter-company posting when entry being posted to more than one ledger within the system at the same time or using the same source for example a journal voucher
(77
product(s) support this feature
)
Automatic inventory entries and maintenance interfacing with another accounting system
(88
product(s) support this feature
)
Automatic linking and posting of control accounts from related sub-ledger accounts
(83
product(s) support this feature
)
Automatic linking and posting of sub-ledgers to control account
(83
product(s) support this feature
)
Automatic year-end rolling of balances in sub-ledgers and general ledger control accounts
(82
product(s) support this feature
)
Automatically determines unrealized gain or loss due to fluctuations in currency rates
(82
product(s) support this feature
)
Automatically inserts actual account balances into the elapsed months bucket in a future forecast file at the end of each accounting period when the system rolls into the next period
(81
product(s) support this feature
)
Automatically numbers standard journal entries in sequence or as predefined with a manual option
(85
product(s) support this feature
)
Automatically restates at a new exchange rate consolidated multi-currency financial information for prior year actual current year budgets and forecasts that are in the system at a different exchange rate and then quantify what the difference was due to the change in foreign exchange rates
(78
product(s) support this feature
)
Balance sheet comparison showing different periods balances
(87
product(s) support this feature
)
Base reporting structures on multilevel departments
(85
product(s) support this feature
)
Batch totals and batch checking
(84
product(s) support this feature
)
Budget accounts for current and future year
(87
product(s) support this feature
)
Budget statement comparison including current state and journal details
(87
product(s) support this feature
)
Budgets and accounts can be assigned to a department
(83
product(s) support this feature
)
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