Chart of Accounts

• Includes Standard Chart of Accounts for Different Industries or Customize Your Own
• Use any Number of Alpha-Numeric Characters for Account Numbers and Descriptions
• Maintain Account and Sub Account Information
• Totally Customizable – Add, Change or Delete Accounts
• Includes Assets, Liabilities, Equity, Revenue, COGS, Expense, Other Revenue and Other Expense
• Post Transactions by Current Date or Transaction Date
• Set Default Accounts to Use for Inventory Control and Management, Invoices and Purchases
• Rollup Sub Accounts on Financial Statements
• Easily Define Beginning Balances or Set All to Zero
• User Definable Groups and Sequences
• Print All Chart of Accounts or Selected Accounts
• Supports Calendar Year or Fiscal Year Budgets
• Create User Defined Financial Periods for any budget period including non-month cycles (Jan 1-Jan 12)
• Select Budget Years to Create including budgets for each period
• Auto Fill Budget by a Specified Value, Percentage Change or Amount Change
• Compare Budget to Actual
• Perform End of Period Closings
• Closings are Optional – Never Close if You Choose

General Ledger & Financial Statements and Journal

• Double Entry General Ledger & Financial Statements
• View Ledger by Account and Sub Account
• Ledger Displays Date, Debit, Credit, Source and Operation for Each Transaction
• View All Transactions or by Selected Dates/Date Range
• View Beginning and Current Balance
• See Complete Journal Transactions With One Click
• Reverse Transactions Using Today’s Date or Transaction Date
• Enter and Save Adjustments for recurring adjustments
• Print Journal Entries by Date
• Create 1099’s for All or Selected Vendors
• View 1099 Detailed Info or Summary
• Print 1099’s to Plain Paper or Pre-printed Forms
• Expanded GL Adjustments including save and retrieve adjustments