Within Vertex Systems' powerful Financial Manager platform is the main accounting function of the General Ledger application. With integrated data from all your applications, intelligent transaction processing, and robust analytical and reporting capabilities, reduce the time and effort spent on accounting duties, monitor your agency's fiscal performance, and help meet regulatory requirements and transparency needs.

An Efficient and Effective Financial System
The General Ledger application is the center of your agency's financial accounts.

GL gives you an overview of the financial situation of your social services organization. This app contains the features that are the heart of your accounting process:

• Chart of accounts
• General journals
• Account schedules
• Budgets
• Bank accounts
• All the reports and registers related to the general ledger

In addition to account schedules, the General Ledger provides tools for analyzing financial information using dimension information. These let you identify income-generating services or products, avoid losses, adjust unrealistic budgets and more. By using dimensions on posted entries and budget entries, you have the ability to monitor how individual departments are performing and to compare performance with other departments (such as previous periods and budgeted amounts).

Financial Manager's General Ledger application offers an efficient way to centralize your agency's accounting data. Produce a wide range of trial balances and customized financial statements, consolidate subsidiaries with organizational roll-ups and reporting, and filter balances by criteria such as time period, department or project.

Every posted General Ledger entry is assigned an entry number and a transaction number, making it easy to track throughout the application. Entry lists include information about balancing entries and dimensions. Entries are also assigned a source code, a reason code and a user ID number so the source of an entry is always documented, providing you with a complete audit trail.

 

Financial Manager - General Ledger:

Basic General Ledger

Integrated with all other functional areas in Financial Manager

Includes the Chart of Accounts

Post general ledger journals

Print detailed and summary trial balances

Budgets

Assign budget transactions to each general ledger account

Keep track of changes and which user made them

Create daily, weekly, monthly, quarterly or annual budgets

Create an unlimited number of budgets

Import or export budgets to Microsoft Excel

Basic Dimensions

Create two global dimensions

Set up default dimensions and rules per account, group and account type

Flexible naming convention

Set up dimension value hierarchies

Advanced Dimensions

Set up an unlimited number of dimensions and dimension values

Create up to eight shortcut dimensions for use throughout the application

Define prioritizations

Define dimension combinations

Define and name analysis views

Filter budgets by up to four dimensions

Copy budgets including dimensions from a previous period

Export and import budgets to and from Excel easily

Block and unblock dimensions and dimension values from use

Account Schedules

Design custom financial statements

Create user defined row and column layouts

View information on screen with dynamic drill down and OLAP functionality

Consolidations

Consolidate any subsidiaries

Consolidate different charts of accounts by department and by project

Allocations

Allocate recurring transactions to different general ledger accounts

Distribute allocations based on percentages, usage, or by specific amounts

Make allocations in sales or purchase journals

 

Vertex Financial Manager, based on Microsoft Dynamics NAV, drives greater productivity for individual end-users with role-tailored views and role centers and a broader portfolio of data analysis, business intelligence, and reporting tools. Our financial system helps social services organizations automate and simplify processes across the entire agency to drive greater productivity, collaboration and communication, and, ultimately, growth.

 

Simple. Smart. Innovative.