Full, real-time accounting that makes you and your accountant happy.
SIMULTANEOUS CASH AND ACCRUALOperate your books using standard accrual methods and with a click of the mouse print general ledger reports and financial statements in their cash based accounting equivalent. If need be you can always override the automated conversion with designated journal adjustment entries. Real-Time Or Batch EntryMake and adjust entries without ever posting a reverse or adjusting entry. Infocus unique IBRES technology does all the work for you automatically. However, if you prefer old school and want batch entries we can accommodate that as well. |
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UNLIMITED OPEN ACCOUNTING PERIODSHave as many open accounting periods as you desire. Periods can be reopened at any time and no closing procedure is required. We support almost any 12 or 13 period fiscal calendar. INDUSTRY’S MOST FLEXIBLE FINANCIAL STATEMENT GENERATORMore than a boast, our statement generator has it all. It can print up to 15 periods, supports actual and budget figures in cash and accrual form, and offers complete support for organizational breakdowns. You can even factor your numbers based on the project that was charged. |
Labor Distribution
Post your direct and indirect costs from time entry to your general ledger. Labor can be allocated at raw cost or in the case of cross charges burden or bill rates can be used. Segregate accounts by project, staff type, or employee exempt status. System automatically posts adjustments based on labor changes to prior periods. Sub-contractors who enter timesheets are not a problem. The system will keep their numbers separate.
Recurring Journal Entries
Journals support not only recurring entries but also can be tagged as bookmarks. This makes recalling entries to the screen a snap.
Pay When Paid Reporting
Sometimes referred to as consultant tracking this enables you to determine when to pay a consultant. It cross-references A/R and A/P to show you what has transpired and advise you on what can be paid out.