Reports include Balance Sheet, Income Statement, and Trial Balance. Income Statement includes current, last year, and budget figures, and percentages. Track any accounts in any number of currencies, with automatic conversion for Financial Statements, based on user-defined exchange rate. Budgeting for ledger accounts for flexible periods. Budgets show on Financial Statements, prorated to selected date range.
All transactions automatically post to correct accounts.
System will not allow unbalanced transactions. Maintains full Audit Trail for all postings to the ledger. Allows complex Journal Entries with unlimited debit and credit postings. Incorrect Journal Entries can be easily edited or canceled. User-defined Chart of Accounts, with flexible numbering sequence.