Software
to maintain, accrue, amortize, allocate and archive monthly historical
status
• Federal, state
and local taxes
• Audit, legal,
regulatory fees and assessments
• Contingency
reserves - debit income or expense and credit reserve
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demo and price.
Services offered for your existing file.
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.
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Effective interest method FASB91
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