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SWK Technologies

Software Solutions & Services

Financials and Extended Accounting

Acumatica General Ledger

General Ledger (GL) is the central repository for your financial information, including chart of accounts, financial periods, ledgers, and allocations. Because GL is fully integrated with the entire Acumatica system, you can make entries in other modules and post them to GL.

Operate More Efficiently

  • Flexible GL account and sub-account structure. Define the structure of your General Ledger accounts and sub-accounts. Organize your reporting and analysis configuration by defining segments, segment lengths, and segment values.
  • Account and sub-account security. Control roles and access permissions by account and sub-accounts to protect sensitive data and improve accuracy. Limit “on-the-fly” sub-account entry to specific sub-accounts based on pre-defined combinations of segment values.
  • Reporting from multiple dimensions. Create different views of the data, or dimensions, using Acumatica sub-accounts. Nearly unlimited reporting dimensions are available to slice financial reports by product, department, or any user-defined segment. Consolidated and summarized
  • GL consolidation. Combine data from multiple entities for consolidated reporting and analysis, notwithstanding different currencies or different account structures. Adjustments for minority interests, intercompany transfers, and other transactions are preserved to avoid duplication.

Key Benefits

WORK FROM ANYWHERE

  • Access all your general ledger features from anywhere using any popular web browser

STREAMLINE DATA ENTRY

  • Reduce time spent entering data with predictive entry and flexible screen layouts

ENHANCE SECURITY

  • Use advanced security features to limit available accounts and sub- accounts

SIMPLIFY REPORTING

  • Generate better reports in less time using integrated query and reporting tools that work with your account structure

SPEED UP APPROVALS

  • Build workflow and approval routes that accelerate your current business processes

WORK LOCALLY AND GLOBALLY

  • Use multiple currencies, translation, consolidation, and flexible financial periods to support your operations around the world

Features and Capabilities

ADVANCED FINANCIAL REPORTING

Design financial statements using sub-account segment structure and configured hierarchy. Publish reports on the web or distribute in Excel or PDF formats.

FLEXIBLE CONFIGURATION OF FINANCIAL PERIODS

Define monthly, bi-monthly, annual, or custom financial periods. Keep periods open as long as needed to complete data entry and reconciliation. Override automatic assignment of reporting periods—the system warns of potential misentry.

SUPPORT FOR MULTIPLE CURRENCIES

Enter GL transactions in different currencies by activating multiple currency support. Maintain balances in the base currency and the foreign currency.

CASH MANAGEMENT

Control day-to-day transactions, cash balances, funds transfer, and bank account reconciliation.

CURRENCY MANAGEMENT

Conduct business internationally and manage international subsidiaries.

TAX MANAGEMENT

Support centralized tax configuration, management, and reports.

DEFERRED REVENUE ACCOUNTING

Automate deferred revenue calculations for revenue recognition in future periods in compliance with ASC 606 and IFRS 15.

MOBILE APPLICATIONS

Gain real-time access to Acumatica using the native app on iOS and Android or use any web browser on any device. Enable employees to enter time and expenses, review cases, approve orders, and assign tasks from anywhere at any time.

RECURRING REVENUE MANAGEMENT

Manage recurring billing to improve cash flow, billing accuracy, and customer service.

FIXED ASSETS

Maintain complete visibility of fixed assets and depreciation calculations. Choose from a large inventory of predefined depreciation schedules or create your own.