Cougar Mountain: General Ledger

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CMS General Ledger provides up-to-date financial information necessary to manage your business today and plan for the future. Using the power, flexibility and uncompromised security of this module, you can create financial reports critical to the management of every business. Print income statements, balance sheets in various formats, plus a statement of cash flows, all according to Generally Accepted Accounting Principles (GAAP).

  • 36-period calendar allows you to close your books on your timeframe
  • Standard charts of accounts are available for different industries, allowing you to set up your books quickly and accurately or customize your own chart of accounts
  • Multiple company capability allows you to maintain books for several companies or divisions and consolidate them for reporting purposes
  • Define monthly or annual budgets for each account and each company, and compare budget to actual at any time

 

Reports
Financial Reports: This type of report reflects the status of the business. These reports are used to view profits, losses, revenue/income, and expenses for the business. Some examples are the income statement, trial balance, and statement of cash flows in the General Ledger module.
  Audit Trail Report:
 
Provides a complete, detailed listing of the transactions that have taken place in each account for a specified time period. It lists the date and the module from which the transaction was posted.
  Trial Balance Report:
 
Provides a quick check of the balances in each account and verifies that debits equal credits. It does not provide any detail for the accounts.
  Balance Sheet Report:
 
Provides current data on the financial condition of the company. Accumulations to asset, liability, and equity accounts are included in this report.
  Income Statement Report:
 
Shows the relationship between the revenue generated and the expenses paid for a specified range of periods.
  Cash Flow Statement:
 
Provides cash flow information for a specified range of periods, classified by cash flow report groups.
Budget Review Reports: Another key component to maintaining a stable business structure is the ability to verify your actual account balances with the budgeted amounts.
  Budget Performance Report:
 
Used to find out how your actual amounts are performing against your budgeted amounts.
  Budget Reports:
 
Display income and expense activity versus budgeted amounts for a specified period of time.
Reference Reports: Some of the reports available in General Ledger are provided for reference purposes. These reference-type reports provide important information that can speed your journal entry process or verify certain aspects of your accounts.
  Chart of Accounts Report:
 
Consists of all the established and individual accounts, each of which can be thought of as a holding bin or accumulator of dollar values.
  Reprint Posting Report:
 
Describes postings from any integrated module. This feature is valuable if you misplaced the General Leger posting audit report after you posted transactions.
  Spreadsheet Export:
 
Gives you the ability to export Actual and Budget numbers for all accounts from the General Ledger, by account, period and amount types. This creates a quick and simple way to extract General Ledger information for additional reporting purposes, as well as assisting in the reconciliation process.
  Consolidating Ledgers:
 
If you maintain records for more than one company, you may find it beneficial to combine the account information contained in the general ledgers of each company into a single ledger, allowing you to print the following reports using the consolidated information: Chart of Accounts, Trial Balance, Balance Sheet, Income Statement, and Budget Reports.