Automatically maintained periods, reporting over any range of periods with no rollover procedure at period end.
Balance Sheet and Profit and Loss Statements
Reporting against budget
Inquiry on any account over any period.
Posting journals into any number of periods ahead or periods before.
Reversing journals.
Automatic posting no separate process to run to post general ledger transactions.
Extensive narrative on journals created by sub-ledgers (AP/AR).
Accounts can be grouped using relational methods ie flagged as a member of user definable account groups – rather than the old chart of accounts numbering structure.
Account groups can be nested so hierarchical structures can be accommodated – detailed profit and loss, balance sheet and trial balance all use account group structures to display reports.
Posting to prior periods can be disabled based on transaction date to prevent prior periods being changed.
