| General Ledger
|
- Customizes your system's charging structure. Defines account numbers, segments, and organizational structures and hierarchies. Allows you to tailor your Costpoint structure to your company's needs through user-defined account and organization structures.
- Maintains multiple user-defined financial statement presentations for balance sheets, income statements, and statements of cash flows. Provides summary or detailed reports by organization, alternate reporting structures, reference numbers, or financial statement lines.
- Establishes journal entries with specific recurring or reversing information for each entry. Streamlines regularly occurring entries by eliminating repeated manual entries.
- Establishes internal processes for approving journal entries to comply with the Sarbanes-Oxley Act of 2002.
- Offers numerous controls for your accounting module, which enable you to do the following:
- Determine which organizations can charge to specific accounts and when those accounts and organizations "expire."
- Establish how many accounting periods can remain open simultaneously.
- Determine data-entry cutoffs by setting certain accounting periods, or certain modules within a single accounting period, to a Not Available status.
|
| Multicurrency
|
- Seamlessly integrates sophisticated international transactions into company financial records.
- Enables currency flexibility that allows you to use multiple currencies to maintain company books, receive and pay invoices, submit invoices, and receive payments.
- Calculates gains and losses on foreign currency transactions.
- Records both realized and unrealized gains and losses in the General Ledger.
|
| Accounts Payable
|
- Controls vendor approval functionality that prevents employees from making payments to unapproved vendors.
- Controls A/P system-related features for default aging criteria, address printing order, check limits for auto-approval, payment security, and signature requirements.
- Establishes valid A/P account, organization, reference 1, and reference 2 numbers for Accounts Payable.
- Assigns Vendor identifiers and sets up vendor terms for calculating discounts and due dates.
- Maintains information on credit card uploads, subcontractor insurance, and bond types.
- Maintains vendor information and prints vendor reports.
- Enters Accounts Payable vouchers and creates recurring ones.
- Creates purchase order vouchers and recomputes and prints purchase order voucher discrepancies.
- Controls voucher approval and posting.
- Prepares, approves, and prints checks; creates and controls Electronic Funds Transfer (EFT) files and reports.
- Creates inquiry screens for vendor, check, and voucher history.
- Prepares reports on voucher registers, cash requirements, check registers, and A/P history.
- Creates, prints, and edits 1099 information for year-end processing.
|
| Accounts Receivable
|
- Provides numerous functions relating to cash receipts and collections. Prints customer statements and reminder notices. Maintains databases for collection contacts, notes, cash discounts, and finance charges.
- Provides accounts receivable aging reports, history reports, and inquiries. Provides user-defined information fields that enable you to tailor information tracking to your company's specific needs.
- Sets up and maintains customer credit limits and credit ratings. Establishes and maintains sales territory information, shipping method information, customer terms for calculating discounts, due dates, and finance charges. Prints customer statements and A/R aging and history reports.
- Maintains invoice, receipt, and sales order history for specific projects and customers; displays outstanding invoices for customers and projects.
|
| Cash Management
|
- Reconciles bank accounts, prints related reports, evaluates intercompany transfer activity, and creates "Due To/Due From" journal entries at the balance sheet level.
- Forecasts your company’s cash position and creates, edits, and prints cash forecasts.
- Creates scheduling, monitoring, and long-term planning forecasts, maintains company bank accounts, cash accounts, bank statements, and generates reports on bank statements and bank reconciliation summaries.
|
| Fixed Assets
|
- Tracks and reports asset cost, depreciation expense, and disposals for all types of property, including company-owned assets, contractor-acquired property, and government-furnished equipment.
- Enters and retrieves complete inventory, maintenance, and transfer data in a variety of user-specified formats.
- Maintains fiscal year descriptions and accounting periods. Creates and edits inventory transactions and prints maintenance information.
- Calculates depreciation for both single and multiple asset records.
- Enters disposal information for both active depreciable and non-depreciable Asset Master records, including disposal date, price, description, document number, and selection status.
- Imports ASCII files produced by reading property bar code labels with bar code scanners.
|
| Consolidations
|
- Transfers summary balances from multiple companies and sends those balances to the consolidation ledger for financial and project reporting.
- Transfers summary balances between companies within the same database. Enables transfers within the same database ("internal") or to another database ("external") in different currencies.
- Creates trial balances and consolidated financial statements by organization. Makes adjustments to the consolidated ledger.
|