General
Ledger
General Ledger is the Sage Timberline Office storehouse for financial
activity and history. Accounting information from
other Sage Timberline Office applications flow seamlessly to
General Ledger where it's stored in an account format
that you customize to fit your business. There, the
information is easily retrieved and reported using
integrated information access tools.
Tight integration ensures that subsidiary ledgers
stay in balance with the general ledger, that clear
audit trails lead to original activity, and that account
reconciliation is fast and efficient.
General Ledger's flexible accounting format allows
you to maintain multiple divisions, regions or companies
within the same database. And customizable reports
and financial statements let you present the numbers
in virtually any format required by your company or
business partners.
General Ledger also helps assure accuracy. Error correction
capabilities let you make adjustments without compromising
accounting integrity. Flexible entry lets you post
to the correct general ledger period, whether it's
current, prior, or future. And broad, secure inquiry
access allows designated employees inside and outside
of the accounting department to view the numbers without
tampering with them.
Account
tracking
Customize the accounting structure to fit your business.
- Format
accounts with up to 25 characters, three prefixes,
and one suffix.
- Store
23 periods of previous activity and six periods
of future activity.
- Calculate
annual budgets based on monthly budgets, and vice
versa.
- Simultaneously
track accrual and cash accounting.
Entry
and processing
Post transactions from other accounting applications
automatically or on demand.
- Use
batch numbers and entry journals to trace entry
sources.
- Keep
previous periods open while processing in the current
period.
- Open
and close periods as needed.
- Edit
prior period and prior year transactions (security
permitting).
- Process
auto-recurring entries.
- Import
transactions and budgets from other applications.
Budgeting
- Define
up to ten budgets per year for each account.
- Create
budgets for an unlimited number of future years.
- Optionally
enter budgets on a quarterly basis.
- Copy
previous budgets or activity into your working budget.
- Use
formulas to modify existing budgets or to create
new ones.
Financial
reporting
In addition to inquiries and reports, Financial Statement
Designer adds easy customization of financial statements.
- Create
multiple financial statements for each company,
region, division, or property.
- Produce
comparative and consolidated statements.
- Cut,
copy, and paste information from one financial statement
to another.
- Perform
custom calculations.
- Print
current and prior period statements.
- Print
budget amounts for future periods.
- Add
your company logo to the statement design.
Additional
features
- Use
account prefixes to consolidate multiple companies,
departments or divisions in the same database.
- Add
more than 200 custom fields to track additional
account information.
-
Track up to 100 partners for joint venture reporting.
- Automatically
allocate expenses.
- Enter
adjusting transactions that will reverse in the
next period.
- Edit
entries after posting.
- Force
journal entries to balance by account prefix.
- Produce
columnar comparison statements by company, division,
region, etc.
- Generate
unique intercompany payable and receivable accounts
by general ledger prefix for multiple intercompany
tracking.
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