General Ledger on Demand and Online Accounting General Ledger software by LiveRoute

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GENERAL LEDGER ON DEMAND

The Online Accounting General Ledger (G/L) module excels in the accounting software benefits of ease of use, staff productivity, return on investment and business intelligence.

GENERAL LEDGER BENEFITS

  • Provide real-time financial visibility to stakeholders
  • Improve information access, business transparency and financial control
  • View lines of business as profit centers and provide unit-based financial reporting
  • Leverage the reports library for complete financial statement reporting with drill-down, searching and exporting
  • Use the custom report writer to create ad-hoc or company specific financial statements
  • Consolidate multiple organizations or roll-up departments, territories or companies for reporting purposes
  • Use workflow automation to reduce the time required for period-end closing
  • Combine non-financial accounts with financial data to achieve operational reporting
  • Automate reversing or recurring journal entries based upon user defined schedules
  • Create simple or complex allocations to distribute G/L balances to departments, divisions or lines of business based on user-defined business rules
  • Use multiple currencies throughout the system and automate the calculation of realized and unrealized gains and losses
  • Create an unlimited number of budgets within the G/L module or use the Excel integration to import budget models
  • Compare forecasts with detailed budgets by using online variance analysis and reporting
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EASE OF USE AND INFORMATION EMPOWERMENT

The Online Accounting General Ledger (G/L) module provides a simple, logical and intuitive user interface for journal entry processing, budgeting, reporting, forecasting and period-end processing. Logically organizing chart of accounts into multiple segments along with classes and/or job cost codes permits easy data capture and subsequent organizational-wide performance analysis. Finance staff and business users understand the way their business is structured, not the structure of a database. General Ledger chart of account breakdown presents data in business terms (for example, why are sales down for a particular product line, in the central region, for the 4th quarter?).
Watch Demo General Ledger permits the online documentation of best practices and business processes in order to lower user learning curves, reduce mistakes, achieve consistent performance and improve the user experience. General Ledger analysis tools enable finance staff, departmental managers or other line of business users to model their plans and ideas in a visual cause-and-effect environment. As their models take shape, they can easily fluctuate data and see the impact in real time. Once a model has been perfected, it can be published in the form of a budget, report or forecast and made available to users across the organization. General Ledger analysis modeling can replace the practice of building 5 to 10 related spreadsheets and result a single data mart that is automatically updated and provides data integrity. Most importantly, the finance department provides actionable information which empowers users to spend their time analyzing information instead of assembling data. General Ledger analysis helps corporate decision-makers collect, organize, report, analyze and act on critical business information.
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