The number and length of account components are configurable. Account components can be assigned specific descriptions to facilitate reporting and account number default values can be set up within the account component definitions. Transactions from payroll runs and other pay processes are received directly from the Teams elite Payroll module. The system also tracks five years of account balance history, three years of budget history and five years of projected budgets to facilitate comparative analysis by year. Features On-line inquiry of General Ledger entries and account balances.
All transactions immediately update balances.
Ability to define multiple account receivable and account payable subsidiaries and add new subsidiaries at any time. Transfers transactions that were created in other modules and places them in General Ledger. Project accounting tracks project budget and expenditures over multiple years. Account number security by Budget Officer, department, and cost center. Unlimited number of accounts.