If you are responsible for creating and maintaining the chart of accounts, you will appreciate the timesaving that can be made from the intuitive interface, logical and well-designed structure of the Chart of Accounts and the ease of the import routines when starting FinancePlus for the first time.

User definable account numbering helps you build your chart of accounts to reflect the structure of your organisation. Of course, FinancePlus General Ledger also has a complete journal system, multi-currency support and full financial reporting, including comprehensive Tax reporting with detailed audit trails.

Unlimited Hierarchy

As you would expect from a modern accounting system, FinancePlus allows you to organise the accounts into Header accounts (non-postable) and Detail accounts (postable).

What’s more, there is no limit to how many levels of hierarchy you can create in the COA. You can have headers, sub-headers, sub-sub-headers, etc…

Departmental Accounts

The third segment in the account code is optional. It is used when needing departmental (or branch) reporting in the Profit & Loss statement. Unlike the previous two segment codes, this third segment code can consist of either characters or numbers. Valid codes for the departmental segment code are 001, SYD, MLB, 002, etc...

No Batch Processing

With FinancePlus when you save a transaction it is posted immediately to the General Ledger. There is no periodic posting or end-of-month rollover routine. A P&L statement or Balance Sheet can be produced at any time and will always include every transaction up to the minute when the report was generated.

Importing Journals

FinancePlus provides a GL journal import facility to enable you to import GL journals from other 3rd party systems via an Excel file.

General Ledger Features:

• 2-digit account prefix and 7-digit account code
• Departmental accounting, using 3-character suffix
• Date-based system not requiring end-of-month rollover
• End of year rollover can be deferred up to 365 days

More Information:

View the General Ledger Infosheet (Adobe Acrobat required)

Screenshots: COA Enquiry, Transaction Listing with unlimited drill-down

Contact FinancePlus for more information