Accounting software to
maintain, accrue, amortize, allocate and archive monthly historical status
     •  Federal, State, Local taxes
     •  Audit, Legal, Regulator fees and assessments
     •  Contingency Reserves
     •  Other future payables
 

Features
     •  Accrue monthly amortized expense with credit offset to payable, reserve, other liability.
     •  Add, edit, delete and otherwise maintain up to 99,999 records.
     •  Create subsidiary trial balance report by general ledger account number.
     •  Create journal voucher debit and credit column posting source document.
     •  Format debit and credit amounts for posting to the general ledger.
     •  Amortize straight line, sum of the years digits, date to date with partial months.
     •  History and archiving:
            - Historical month by month for each record - calculations and edit change activity.
            - Reproduce any report from a previous month or year.
            - Audit Report of add, edit, delete by general ledger account.
            - Annual reporting for entire year - copy to Excel, email to auditors.
     •  Report amortized expense for future periods.
     •  Allocate monthly expense to branch, department, cost center accounts.
            - Post as direct expense or allocate selected records or all.
            - Allocate using one or more methods, such as:
           - Same percentage to each branch (evenly).
            - Percentage you've determined.
            - Varying percentage by branch and which branches are included.
            - Workstation count, number of employees, square feet, revenue, other.
            - Unlimited methods of any type that can be expressed as numbers.
            - Share a method between records and different general ledger accounts.
     •  Excel interface: Copy reports, records and calculated values to Excel.
     •  Report by type and other user defined codes.
     •  Automatically adjust balance, remaining term or immediate write off.
     •  Capture prior month expense at setup time.
     •  Defer amortization start period to a future month.
     •  FASB and GAAP compliant.
     •  Also handles recurring transactions, with or without allocating.
            - Constant monthly amount
            - Variable amount

Allocating
Allocate monthly amortized expense to branch, department, cost center accounts.
      - Post as direct expense, allocate selected records, allocate all records.
      - Allocate using one or more Methods you establish, such as:
      - Same percentage to each branch (evenly).
      - Percentage you've determined.
      - Varying percentage by branch and which branches are included.
      - Workstation count, number of employees, square feet, revenue, other.
      - Unlimited methods of any type that can be expressed as numbers.
      - Share a method between records and different general ledger accounts.
      - Allocating is simple:
        Merely substitute the cost center portion of a general ledger account number with a Method.
        Cost centers can be located at the beginning, middle or end of an account number.
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