|
|
Real-Fusion's Generalized Subsidiary will help you organize your business with a set of tools and forms allowing you to set up charts of accounts manage budgets, create financial statements and much more.
This application is designed to operate together with other applications as part of the TOM System 7 General Business Accounting System. Functions of the Accounts Payable application are explained completely in it's manual as if the General Ledger application were included. Other applications that may be fully integrated with Accounts Payable to provide automatic information transfer include, but are not limited to:
Accounts Payable - Job Costing - Accounts Receivable - Order Entry - Bill of Materials - Payroll
Commission Accounting - Production Scheduling - Generalized Subsidiary (Fund or Grant) - Purchase Orders
Inventory Control - Service Dispatch
This module is used to retain detail by subsidiary for specified general ledger accounts. It is primarily a recordkeeping module without the audit controls provided in the other accounting modules.
Account detail is posted from certain other modules to the General Subsidiary accounts during the end-of-day post procedure. Transactions are also posted in the modules holding file for end-of-month transfer to the General Ledger Module. General Subsidiary detail is stored for ever in the subsidiary history file. The General Ledger subsidiary accounts are identified with subsidiary codes, which are entered into other modules on the line item side of transactions. Income, expense, work in progress, and wages information can be transferred to and stored in the General subsidiary module.
One of the greatest frustrations of many accounting systems relates to the end of a process where posting is done. In many accounting systems require all users be out of a module in order to post transactions to the data files. Real-Fusion's batch processing capability allows each individual user to enter and post just their own transactions. Therefore multiple users can be in any module at the same time taking care of their specific job requirements