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General Ledger

General Ledger

It’s imperative to know at any given time what your financial standing is so that sound decisions can be made in a timely manner to improve your company’s profitability. The General Ledger provides companies with complete financial reporting from all aspects of the business to manage corporate performance and monitor the return on investment.

The Fitrix General Ledger module combines power and flexibility with ease of use, to give you the critical information you need to make timely and informed business decisions and manage your business more effectively. Up to date financial statements can be run on a daily basis if needed. Fitrix analytical tools include audit trail reports, drill-down capabilities that enable you to view everything from detailed journal entries to original source documents, financial analysis reporting such as actual versus budgeted , this year versus last year, plus an interface with the F9 report writer tool that enables you to perform “what if” analysis and write customized financial statements.

Features/Function Highlights

  • Modular Integration – Direct integration with all Fitrix Accounting, Manufacturing, and Distribution modules
  • Flexibility – ability to have multiple periods and even multiple fiscal years open at one time. There is no need to postpone entering transactions in the current month/year until the prior month/year is closed out
  • Drill Down – ability to drill down from an account balance to see all entries that make up the balance and the source document for each entry
    Budgeting – on line data entry that can be entered by company and division /department within the company
  • Reversing Journal Entries – ability to mark journal entries for accruals as reversing so they will be reversed automatically in the next accounting period
    Recurring Journal Entries – ability to set up recurring journal entries that will recur every month or only when selected to recur
  • Date Control – ability to password protect the number periods backwards and forwards your employees can post transaction to
  • Account Number Control – ability to block using certain account numbers in transactions since they are system maintained. An example is the Accounts Receivable asset account number

Reporting

Reports available include:

  • GL Activity Audit Trails
  • Trial Balance
  • Income Statement:
  • Department detail
  • Consolidated
  • Summary By Account Category
  • This Year/Month versus Last Year/Month
  • Balance Sheet:
  • Department detail
  • Consolidated
  • This Year/Month versus Last Year/Month
  • Actual versus Budget

Optional F9 Financial Report Writer

With this tool you can take up-to-the-minute data from Fitrix General Ledger and import it into Excel. From there you can:

  • Perform “what if” analysis
  • Create customized financial reports in various formats that span any time frame, even one day or one week reports
  • Ability to “slice and dice” your GL account number into segments representative of your business (region, division, department)
  • Consolidated financial reporting for multiple databases if you are running more than one company with Fitrix
  • Allows you to pass budget information from your spreadsheet back to the Fitrix GL thereby reducing data entry and data entry errors.