General Ledger

General Ledger

Summit General Ledger is a complete double entry general accounting system with the flexibility to meet your specific needs. Financial statements may be formatted and printed according to your own preferences. Automatic check writing and sub-ledger accounting features are also included. There is complete integration from the Staff Management Payroll and Client Invoicing programs. This is a totally integrated system. No third party systems are utilized for the GL, Accounts Receivable or Accounts Payable management systems.

PURPOSES AND MAJOR USES:

  • Full integration from Payroll and Invoicing programs.

  • User customization, professional financial statements

  • Monthly generation of financial statements without a period close

  • Four reporting years always available

  • Budgets, Forecasts and Variances supported

  • Complete audit trails

  • Maintain multiple Profit Centers and Departmental Income Statements

  • Efficient processing of checks, deposits and journal entries

  • Automatic check writing for A/P checks and Payroll Deductions

  • Over 200 individual debit/credit breakouts per transaction

  • Quick Code references for commonly used accounts, vendors, customers.

  • Full Subsidiary Ledger accounting

  • Bank Reconciliations

  • Aging of Receivables and Payables

  • Summarized Trial Balance entries for Payroll and Cash Receipt Postings

REPORTS AND FORMS INCLUDED:

  • Account History Reports

  • Account Summary Totals

  • Accounts Payable Checks/Check Writer

  • Bank Deposit Register

  • Bank Reconciliation Reports

  • Detail/Summary Trial Balances

  • Miscellaneous Item Invoices

  • Financial Statements

  • Chart of Accounts

  • Journal Entry Register

  • Ledger Balances Report

  • Ledger Transactions Recap

  • Subsidiary Ledger Reports

  • Vendor 1099’s and Reports

  • Account Receivable Statements

  • Payroll GL Entries Recaps

How can Summit software improve your bottom line?


Summit Software Inc.
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