NEXUS FINANCIALS General Ledger is the financial hub for information across the organization. The General Ledger helps track, report and analyze vital business information. NEXUS FINANCIALS General Ledger is highly flexible to adapt to varying needs and provides many defining features, including:
- Flexible chart of accounts to satisfy any business needs, simple or complex. There are no pre-defined account ranges or orders of accounts and no limit to the number of level of sub-totaling or the number of bank accounts, etc.
- Unlimited number of branches or companies. These companies can operate independently or can consolidate.
- Consolidation can be single or multi-level. When accounts are held for numerous companies, branches and departments, complex multi-level consolidations can easily be accomplished when required.
- Consolidation may be performed between different account types and chart structures.
- Complete audit trails.
- Choice of 12 or 13 accounting periods.
- Budgets are kept for unlimited years and can be maintained for five future years and three prior years. Budgets may be entered for all account types. Full budget copy facilities exist.
- Budgets are automatically consolidated for multi-company sites.
- Ability to enter standing/recurring journals.
- Template batch journal facility.
- Flexible future period and posting intervals of standing journals and account journals.
- Full system drill back, so that all General Ledger transactions originating from a subsidiary module can be enquired upon.
- Caters for automatically reversing accruals.
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- Ability to export and import transactions across different general ledgers.
- Inter-company accounting.
- Full system drilldown, so that the source of a General Ledger entry can be traced.
- The system allows the entry of cash journals that are reflected in the bank reconciliation.
- The multi-branch chart copy facility is a great time saver. When you create a chart of accounts for a particular branch, the copy facility allows you to copy the static details for that branch to any other branch.
- Previous year's accounts can be kept open for 12 months after the end of the financial year. Prior-period posting allows you to post transactions to periods other than the current period or year. Any journal entry made to the previous year ripples through to the current year.
- Comprehensive auditing, reporting and enquiry facilities enable end user to target relevant information in the system, display it on-screen, and produce hard-copy reports if required.
- Many 'standard' reports are available. Additionally a full-featured General Ledger report writer is available for users to create customized reports.
- Subsidiary modules are checked to ensure that all necessary integration has taken place before the General Ledger may be rolled.
- Subsidiary modules may be rolled ahead of the General Ledger, in which case transfers from subsidiary modules will only be updated to the General Ledger when the appropriate period is reached.
- Unlimited General Ledger history is available.
- Automatic chart of accounts creation (optional).
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