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The MasterTrak© General Ledger application provides a place where all accounting data is consolidated. A complete audit trail is maintained using a detail record for each debit and credit by fiscal month and year. Each accounting application generates distributions based upon the type of transaction being processed. The source application and the type of originating transaction are stored to identify the distributions. General ledger activity can be audited by Account, source application, source transaction type and individual debit or credit.

The General Ledger application supports standard reporting such as the Trial Balance, Monthly General Ledger and Year to Date Ledger. In addition a flexible user defined financial statement generator is provided enabling the user to design Balance Sheet, Income/Expense, Cash Flow and Comparative Period statements. Overhead allocations may be applied and included in the statements.

General Capabilities

User Defined Financial Statements Detail transactions Multiple budgets

Allocation to Financial Statements Divisions and Departments Reversing Entries

Post future and prior periods Supports Fund Accounting Recurring Entries

Audit by Account Audit by Source application Audit by Source

Audit by Detailed Transaction Fund/Div/Dept/Program optional Variable Fiscal Year Start

Master Files and Transaction Entry

Chart of Accounts Account Budgets Account Allocations Funds Master Division Master Department Master

Program Master Recurring Journal Entries Statement Master Statement Detail Statement Print/Column Definitions Statement Notes

Journal Entry Transactions

Reports

General Ledger MTD/YTD

Detail Distributions MTD/YTD

Trial Balance by Period

Transaction Detail Scan/List

Financial Statements

Trial Balance for Allocations

Journal Entry Journal