The General Ledger Supports Account Numbers with two levels of sub division for branch and activity reporting as required. Accounts are allocated to an extensive range of categories.

Auto Distribution of Postings

Accounts can be set to auto distribute expenses from the header account to the sub accounts.  

90% of financial people use MS Excel as their budgeting tool of choice. The budget wizard in ABM throws the financial information out to a MS Excel worksheet. There using formulas and fills and all the things that excel has to offer you can draw up the budget. When you return to the wizard this information can be drawn back into the accounting system.

There are a large number of standard reports in ABM including Monthly and Quarterly Profit and Loss Reports. Occasionally people need another report and generally these can be customised for a business and added to the standard report set.

This is a hugely powerful part of the system that allows management variables to be passed directly from the accounting system. They can be set to run at scheduled intervals. Options include Days in Debtors/Creditors, Stock Turns, Debt to Equity, and a range of others. These can be set to email to appropriate people so people have regular reporting on key variables that they have specific responsibility for.

Journals can be imported from a MS Excel spreadsheet which can make the production of repeat complex but variable journals (ie Month End Accruals) a whole ot easier.

Bank Statements can be downloaded from your banks website and uploaded into the Bank Reconciliation and auto reconciled. Items that don’t pick up automatically can then be manually reconciled, and transactions on the Bank Statement not yet entered can be processed on the fly from the Bank Reconciliation Screen.