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AccountMate - Consolidated Ledger Module
AccountMate’s Consolidated Ledger module brings easyto- use features to financial consolidations, providing the ability to quickly combine several companies’ account balances and budget information into a single unified ledger in order to present consolidated financial statements and budget reports.
Creating a consolidated ledger is simple; merely specify which company is the parent that will generate consolidated reports and which companies are the subsidiaries. Each subsidiary company’s General Ledger accounts and fiscal periods are mapped to those of its parent so that financial data can be seamlessly transferred to the parent company. This module’s simplicity and flexibility makes it a valuable financial tool.
Unlimited Number of Subsidiaries
AccountMate’s Consolidated Ledger can support as many subsidiary companies as desired for each parent company.
Automatic Account Mapping Options
Users can automatically map all or a range of accounts in the subsidiary company to accounts in the parent or map a single parent company account to multiple accounts in the subsidiary company.
Fiscal Period Mapping
Consolidated Ledger provides the ability to map each subsidiary’s fiscal periods to the parent company’s fiscal periods. This is especially useful when a subsidiary company’s fiscal year covers a range of dates different from that of the parent company’s fiscal year.
Consolidate Account and Budget Balances
Users can consolidate budget balances as well as account balances, providing a more effective way of managing the business.
Internal Checks Help Prevent Consolidation Errors
The Consolidated Ledger detects any problems that affect a consolidation such as accounts or fiscal periods that have not been mapped. If a problem is detected, the consolidation is aborted giving users the ability to resolve the problem while preventing defective data from affecting the parent company’s account balances.
Consolidation Control Totals
The net retained earnings value consolidated from a subsidiary’s accounts or budget can be displayed to check against the control amount expected.
Unlimited Number of Consolidations per Period
Users can consolidate each subsidiary’s General Ledger data to its parent’s General Ledger at any time in order to view updated financial information. During year-end closing, a final consolidation of information is automatically performed by the system. Moreover, users can choose to undo consolidation of the subsidiary’s financial data as long as Fiscal-Year End Closing has not been performed in the subsidiary company.
Posting Period Restrictions
Users can restrict postings and consolidation to any specified period in the parent company. This helps maintain the integrity of General Ledger data that has already been included in consolidated reports.
Other Features
• Change a company’s setting from no consolidation to either a parent or subsidiary account status for consolidation
• Review date and time of previous consolidation
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Consolidated Ledger Features
- Unlimited Number of Subsidiaries
- Automatic Account Mapping Options
- Fiscal Period Mapping
- Consolidate Account and Budget Balances
- Internal Checks Help Prevent Consolidation Errors
- Consolidation Control Totals
- Unlimited Number of Consolidations per Period
- Posting Period Restrictions
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Other Features
About AccountMate:
Since 1984, AccountMate Software Corporation has provided customers with powerful and flexible accounting and business management software. AccountMate provides the most stable and technologically innovative modifiable accounting solutions for the mid-market. The accounting systems are sold by the module which enables customers to acquire the software they initially need and add modules as their business needs evolve. The availability of source code makes this software highly modifiable so that it can be adapted to any changing business environment.
Software That Fits:
AccountMate is real-time, customizable financial and business management software designed to address the needs of small to mediumsized businesses. It takes advantage of the speed of client/server technology and the latest productivity-enhancing tools in Microsoft’s suite of products to help you better manage your business.
This leading-edge application combines the full functionality of our award-winning AccountMate system with the power of Microsoft’s SQL Server. It offers AccountMate users enhanced investment protection for the long haul with superior scalability, up-time performance, stronger data security and software applications.
A SQL database also optimizes the application’s performance so users can experience uniform highspeed performance—no more system slowdown at the end of your reporting period.