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Financial


  • General Ledger
  • General Ledger Security
  • General Ledger Consolidation
  • Multicurrency
  • Intercompany Transactions
  • Transaction Analysis and Optional Field Creator


General Ledger

     The General Ledger module is the foundation of your accounting system, with flexibility that meets the current and future financial management requirements of organizations of all types and sizes. It provides a robust feature set designed to handle your most demanding budgeting and processing needs. General Ledger fully integrates with all modules and is the key to maximizing the efficiency and accuracy of your financial data.


General Ledger Capabilities

  • Integrate powerful financial diagnostic and strategic analysis tools through ACCPAC CFO.
  • Create alphanumeric account numbers as long as 45 characters.
  • Flag General Ledger accounts as inactive to stop using them, but retain them in the system for historical and reporting purposes.
  • Maintain separate periods for adjusting and closing entries.
  • Assign different retained earnings accounts to different account segments.
  • Set up and schedule recurring journal entries for transactions that are processed on a regular basis.
  • Drill down to the originating journal entry and transaction from transaction history.
  • Lock budgets to prevent unauthorized changes.
  • Limit the batches shown in the Batch List window to only those from a single subledger.
  • Automatically create budgets using prior-year information or choose from seven other computation methods.
  • Create analytical reports, spreadsheets, graphs, and charts, and update budgets automatically through full integration with
         Microsoft Excel.
  • Produce fast, flexible, customized financial statements through full integration with Microsoft Excel.
  • Print consolidated statements or statements for any accounting division represented by an account number segment code.
  • Auto-reverse entries to eliminate manual accrual tracking and specify the period for the reversal.
  • Reverse a posted transaction.
  • Drill down from an unposted journal entry to the originating transaction.



General Ledger Security

     The G/L Security module enables organizations to control which users can view or use certain general ledger accounts based on segment validation in G/L Security settings.


General Ledger Security Capabilities

  • Control access to any account in your general ledger by segment. This allows you to limit user activity to a prescribed set of
         accounts, blocking sensitive or confidential accounts from being seen or changed.
  • Tailor access to accounts for each Sage Accpac user or group of users
  • Set access rights for single or multi-segment validation or for single or multiple account validation.
  • Restrict users from viewing batches containing accounts from which they are prohibited.
  • Restrict users to adding accounts only to segments to which they have access.
  • Add or remove user restrictions at any time in response to staffing changes, changes to your account structure, or as
         security concerns arise.
  • Restrict financial reports only to valid accounts.



      • General Ledger Consolidation

           G/L Consolidations lets you transfer and merge General Ledger account and transaction information between separate company and branch office locations. It is also designed to enable subsidiaries and holding companies to run without being on the same network or accounting database. G/L Consolidations provides a feature set that allows your company to define the level of detail to consolidate and provides a comprehensive audit trail. The system is available in two versions: a full version for the head office and a remote-sites version for branch offices.


      General Ledger Consolidation Capabilities

      • Consolidate multiple general ledgers by transactions, net period changes, or account balances.
      • Consolidate general ledgers with differing fiscal years and fiscal periods, and with different account structures by using a mapping table.
      • Include budgets for a range of years in the consolidated company.
      • Maintain a separate general ledger for your consolidated ledgers or consolidate with the head office or central general ledger.
      • Consolidate all accounts or a partial set of accounts using the automatic balancing account (exclude entries from the consolidation
             if needed).
      • Merge multiple accounts in subsidiaries into single holding company accounts.
      • Specify a description for account balances or net change transactions.
      • Maintain a detailed audit trail of all consolidation activities.
      • Transfer transactions originating in a holding company back to subsidiaries to centrally maintain payroll or fixed assets.
      • Automatically perform currency translation with the provision of gain or loss on translation*.
      • Consolidate multicurrency and single currency accounts, and general ledgers with differing functional currencies*.
      • Translate amounts from functional currency or source currency in the originating ledger, and specify the translation rate type*.



        • Multicurrency

             The Multicurrency module delivers powerful and comprehensive multicurrency accounting functions. Sophisticated multi-currency accounting management and the ability to process transactions in any number of currencies give your business the global competitive edge required in today's business world. This multi-currency accounting software empowers your business to effectively manage currency balances, execute accounting transactions, create reports, and much more.


        Multicurrency Capabilities

        • Unlimited currencies.
        • Unlimited rate types.
        • Print reports in both functional and source currencies.
        • Enter transactions in any currency.
        • Process payments or receipts in any currency.
        • Restate outstanding source currency balances and transactions as exchange rates fluctuate with comprehensive currency revaluation.
        • The global market requires a highly functional software system to deal with multi-currency accounting exchanges and transactions.
               Sage Software delivers with the Multicurrency module in Sage Accpac - providing you and your business with the tools to get it done.



          • Intercompany Transactions

               The Intercompany Transactions module lets you enter General Ledger and Accounts Payable transactions that affect more than one company by automatically distributing transactions across two or more companies. In addition, its built-in flexibility automatically generates intercompany loan account entries according to user-defined relationship tables called routes. Intercompany Transactions simplifies and significantly reduces the amount of work required for intercompany accounting.


          Intercompany Transactions Capabilities

          • Process intercompany General Ledger journal entries and intercompany Accounts Payable invoices, debit notes, and credit notes.
          • Create an unlimited number of routes to define relationships between companies, including multilevel routes.
          • Automatically make loan account entries for intercompany transactions and distribute invoices to as many General
          • Ledger accounts as required by defining distribution sets.
          • Fully integrate with Tax Services to handle tax computations for expensed, allocated, or recoverable taxes.
          • Enter transaction references and descriptions to provide a detailed audit trail for reconciliation purposes.
          • Print an intercompany loan account reconciliation report to identify loan accounts that do not agree.
          • Process multicurrency transactions in Intercompany Transactions, General Ledger, and Accounts Payable*.
          • Distribute transactions to companies with differing functional currencies*.
          • Create routes with originating companies, intermediate companies, and destination companies having different functional currencies*.
          • Process multicurrency transactions for multicurrency or single-currency intermediate and destination companies*.



            • Transaction Analysis and Optional Field Creator

                 The Transaction Analysis and Optional Field Creator module provides complete support for unlimited optional fields throughout all Sage Accpac applications. Optional fields allow you to customize Sage Accpac and provide comprehensive reporting and analysis capabilities across your entire accounting system. You can manage information more effectively and easily obtain necessary data for analyzing business operations and practices.

                 Transaction Analysis and Optional Field Creator allows you to define all the information you require for each General Ledger account, customer, vendor, item, transaction, and transaction detail, making it easy to record and track data from the originating transaction through to your General Ledger. Imagine being able to trace the optional field information you define for customers and items to your Order Entry orders, Order Entry shipments, Order Entry invoices, Accounts Receivable invoices through to your General Ledger journal entries and accounts! You can define unlimited text, amount, date, time, integer, number, and yes / no optional fields for use in all Sage Accpac applications.