General Ledger
The heart of your company's accounting system is your general ledger. Classic Software's General Ledger module is designed to summarize the true financial status of your company at any point in time. It clearly details where your money is coming from and where it has gone. The general ledger becomes the focal point for the information originating in all your other accounting applications. Transactions automatically flow here from invoicing, receivables, payables and payroll. The General Ledger module is comprehensive, yet flexible enough to be truly usable. It provides for multi-divisions or departments operating within the corporation, and statements are available by division or in consolidated format. Multiple period G/L accounting has been incorporated. This means that monthly statements and journals are done on a "period date" basis, which allows you to enter transactions to the current month even though the previous period may not yet be closed. Your day-to-day operations don't need to slow down to wait for accounting. The entire module is real-time interactive. This means that information can be entered and processed day by day as your business occurs. Because the system does not need to process batches of information at the end of the month, books can be closed and statements run much more quickly. No more waiting 15-30 days after the end of the month to find out where you are. System security includes passwords as well as access authorization parameters to insure only the appropriate individual(s) have access. Automatic balancing controls during data entry to protect against debit/credit imbalance Invalid account numbers are immediately rejected at time of entry Journal entries can be easily viewed, modified, or deleted as needed directly from the screen Complete transaction audit trail Both detailed as well as summary trial balance formats are available at any time All detail of prior periods is retained in history files, allowing you to reconstruct and/or modify past periods if the need should arise. Reports: * Chart of Accounts * Detailed and Summary Trial Balance * Account Activity Report * Account History Report * Balance Sheets * Income Statements * Journal Entry Listing