TRAFXS Systems - General Ledger
TRAFXS General Ledger Solution
The TRAFXS General Ledger subsystem is completely integrated with several other subsystems within the application, including Invoicing, Accounts Receivable, Accounts Payable, Rebates, and Exchanges. Transactions are moved to the general ledger only after both a detail and summary list of the journal are printed.
The General Ledger subsystem supports complete multi-company and intercompany accounting. Reports (including financial statements) may be produced for a single company, multiple companies, or a consolidation of multiple companies.
General Ledger Account Code's Four Segments
Company - 2 characters
Major - 2 characters, e.g. Sales, Purchases
Intermediate - 4 characters, e.g. Location
Detail - 4 characters, e.g. Product
Both dollar and volume accounting are supported within the package. Accounts requiring volume retention are flagged.
The G/L subsystem contains a fixed-assets accounting package, which supports several depreciation methods (straight line, declining balance, double declining balance, and MACRS). The package also includes a very flexible G/L coding structure for assets, deprecation allowances, and depreciation expenses.
Automatic reversing journal entries from prior periods. Typing the same journal entry twice, in separate periods, is no longer necessary.
A flexible 4-year fiscal calendar, during which all data retained is available for inquiry or reports in both detail and summary form.
Prior period adjustments, even to periods in a prior calendar or fiscal year, may be posted at any time.
Extensive inquiry facilities, allowing the user to review monthly balances, budget values, and transaction detail for any requested account.
All data stored within the G/L system is available to the Financial Report Writer package, regardless of period, account, or transaction type.