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The General Ledger
Module of DMS is a true Funds Accounting system. It was designed by a group of
CPA’s in conjunction with several non-profit organizations so it accurately
reflects the workings of your organization. Because of this, we have eliminated
the need for you to “fit” your general ledger and reporting functions into a
prepackaged system.
The DMS Funds General Ledger provides for up to 99 separate Companies, each of
which may contain virtually an unlimited number of different Funds. The system
is completely flexible in its analytical and reporting functions, so that any
information may be generated separately for each Fund, each Company, on a
consolidated basis, or for any group of Funds and/or Companies you choose.
Provision has been made for tables of interfund General Ledger accounts which
are easy to set up and maintain. This allows for the “automatic” balancing of
all entries posted to the General Ledger, and means that transactions which
affect more than one Fund may be entered with a single entry rather than
multiple entries.
The system features a “spreedsheet-like” reporting function which allows you to
define in each column of any financial statement any combination of Companies
and Funds as well as any individual or combination or accounting periods.
The structure of the General Ledger has eliminated the need for monthly
“closings” as well as the loss of data associated with this procedure. You
therefore never lose the ability to generate comparatives with or combinations
of data from any and all prior accounting periods.
A feature is also included which enables you to allocate expenditures among
different organizational functions that you define. You can then generate
reports based on these functions, even crossing over fiscal year boundaries.
Budgets can be entered in several different ways including: annually, equal by
period, variable by period, or as a percentage of a different account. A “budget
entry” mode allows you to quickly enter budgets for each of your GL accounts.
All analyses and reports can be viewed on screen or printed. You may preview
your reports prior to their being printed, and previously generated information
is maintained so you don’t have to re-process a report if you just want to see
it again.
Funds General Ledger is fully integrated with the rest of the SCI Donation
Management System, so all transactions are automatically updated to the correct
accounts. Accrual journal entries are automatically reversed. Recurring journal
entries can be posted one month at a time or for up to twelve months in advance.
Batch posting mode enables you to easily enter data from other systems if your
DMS Funds GL is not interfaced with SCI’s other accounting packages.
And much more! |
