Fiscal Period Definition. With InForum Gold GL, you can define your own fiscal calendarfrom the number and length of periods to the setup of opening and closing periods. Optionally lock periods after period end, or leave fiscal periods and fiscal years open for as long as required. The capability for defining multiple opening and closing periods for any given fiscal year enables complete segregation of closing adjustments particularly useful for accrual or modified accrual reporting. The powerful journal entry program provides unlimited line item capacity, automatically generates balancing entries if desired, and can automatically create reversing entries in the next fiscal period.
Users can effortlessly create journal entries from external data or spreadsheet applications.
The recurring journal entry program quickly recreates repetitive entries. With optional control totals and interactive budget checking, you define how journal entries look and react. The system-wide attachments feature makes it simple to permanently store relevant spreadsheets or scanned images with complex journal entries. Entity-wide Posting Strategies. With users given the tools to control the posting process, it is possible to tailor the procedures to meet almost any requirements.