The Interprise Accounting Module, AKA the Nominal, does everything you would expect an expertly designed nominal ledger to do and a little bit more.
You start with the chart of accounts and these accounts receive all the transactions from the outlying modules which ultimately allow you to build your Trial Balance and from this your Balance Sheet and Profit and Loss Financial Accounts. You certainly get all the time saving features like journal templates for recurring journals and bad debt provision/write off, prepayments and accruals.
But it is the little advanced features that show the pedigree and experience of the designers.
The nominal periods are closed behind you so that once the Financial Accounts for the month are produced they are not altered by later postings into that date range – a posting to an earlier date automatically goes to the first open period. You can add and remove or edit the dates for periods in the current and future financial years giving flexibility for changes in accounting date; while posting to past periods is allowed via a separate routine to give you total control.
Accounts are grouped intuitively with the ability to add as many Profit and Loss and Balance Sheet Layouts as you need and group the accounts together in truly flexible ways.
Where the clear benefits of Interprise show themselves are in the retention of historical information. The VAT Returns are done from the Accounting Module and you have the ability to re-print and analyses every VAT return ever done on the system – so you never need to worry about losing the printed VAT return again; every VAT Return can be printed out in all its detailed glory ... for ever.
Key Features and Functionality
| Nominal Code |
| User Defineable Nominal Code Segments |
| Easy Generation of codes and segment |
| Accounting Routines |
| Journals Taxable or Non Taxable |
| Journal Templates by Percentage or Value |
| Prepayments Routine |
| Accruals Routine |
| Customer & Supplier Contras |
| Bad Debt Provision Routine |
| Write off Routine – used for example before a statement run so we do not send statements for values below 10p. |
| Multi Currency Revaluation Routine – This routine will revalue customers, suppliers and bank accounts. |
| Batch Posting Routine & Log – so you can keep transactions out of the nominal for the next period. The log allows you to reprint the postings at any time. |
| Chart of Accounts View – giving the ability to drill into the values based on your financial layouts |
| Chart of Accounts View - advanced grouping options view with the segments. |
| Budgets to compare with actuals |
| Recurring Journal Routine |
| Stock Revaluation Routine based on costing methods. So you can have different costing methods across items. The system keeps track of all GRNs and Adjustments into stock so knows the Unconfirmed cost price (GRN) or the Confirmed cost price (Bill) so can revalue FIFO items properly with full details. |
| Month End Routines |
| Month End Wizard so it prompts the user to take reports and post items |
| Month End Log so can reprint the reports as saved in PDF |
| Period Based Accounting with user defineable periods. Ability to easily change period setup. Extend or reduce the number of periods in a year ahead of the current period. As many periods in a year as required. |
| Audit Trail Enquiry |
| Prior Year Adjustments so you can post into the last closed fiscal year. |
| Nominal Posting Options |
| Cost of Goods Sold Options Default Accounts |
| By Customer |
| By Item |
| By Product Group |
| By Item & Customer Segment |
| By Product Grp & Customer Segment |
| Legislation Routines |
| EEC Sales List |
| Intrastat SSD Analysis Routine |
| VAT Return |
| Other |
| Multi Company Consolidation |
| Commitment Accounting – Budget holders who have budgets to spend, |
| Actual & Committed (On PO), what do I have left to spend enquires. |
| Business Intelligence for example like profit comparisons |
