Century's General Ledger is a dynamic tool that allows you,
its user to navigate through the myriad and diverse information stored throughout
your system. Whether it is Receivable or Payable, Inventory or Project Management
the General Ledger will act both as a microscope and panoramic window.
What does it do?
At the outset, it provides for a flexible account structure
to accommodate an open ended chart of accounts design supporting multiple companies,
branches, funds, departments, programs and sub-accounts.
Summary accounts can be definable at any level of your chart
of accounts. The GL provide automatic balancing journals for inter-company transactions
and an extensive set of user-defined queries and navigation to original transactions.
Century's General Ledger allows you to define up to 59 periods per year. It
allows current, previous and future periods to be posted to as well as providing
account status definitions such as Open, Suspended, Closed and Delete Pending.
An unlimited number of user-defined ledgers storing both financial
and statistical data can be accommodated. They can be interrogated and viewed
through any number of user-defined screens containing any mixture of current,
past and future years. Moreover any amount of transaction history can be retained
for inquiry and reporting.
The system provides an extensive array of journal facilities including standing
journals, automatic reversing journals and allocation journal for spreading
department or cost centre allocations either by fixed proportions or by variable
Multiple Budget and forecasts are accommodated and can be
reported against. End of period and end of year procedures are exceedingly simple
and can be closed in progressive steps.
A user defined report writer is included allowing for set-up
of Balance Sheet, Profit and Loss or other user defined reports with a simple
and powerful reporting tree for analysis across department and divisions.
A whole array of other facilities is offered, ranging from
statistical accounts to account cloning and aliasing, account masking and Budgetary/funds
control for organisations which manage expenditure in fixed budget environments.
How is it used?
The Century General Ledger can be used either on its own, or integrated with
one or more of the other Century Financials modules. These include Accounts Payable, Accounts Receivable,
Cash Book, Fixed Assets, Project
Costing and Purchase Orders. Interfaces to Budgetary Control, Branch
Accounting, Loans and Investments.