Ledger Accounting is an integrated accounting module which combines:

Updates to the general ledger and to payables/receivables are made simultaneously. All accounts are updated in real time so that inquiries and reports are fully up to date. All postings are made in real time - no batch updates as a result all information is immediately available for enquiry and reporting.
Ledger Accounting main features:

All accounts reside in the ledger - distinguished by type (i.e. Creditor, Debtor, Client, Balance Sheet, P&L Memo).

There are no subsidiary ledgers in SunSystems meaning that one ledger combines all of the functions of all of the ledgers in the modular system.
Control accounts within the General Ledger for sales and purchase Ledgers are replaced by the individual Debtor & Creditor accounts - no reconciliation’s are required.
Memo accounts do not form part of the Trial Balance and may be used to hold statistical data.

SunSystems is a financial and business management software solution that comprises two suites of modules:

SunSystems Financials SunSystems Order Fulfilment

 

SunSystems Financials modules include the follwoing:

Ledger Accounting Fixed Assets Corporate Allocation

Within Financials all modules are completely integrated, meaning for example fixed asset depreciation transactions will be posted directly into the general ledger. This is so-called single ledger concept. SunSystems Financials maintains all of your accounting details within a single, integrated ledger. You do not require separate receivables and payables ledgers, project ledger, or fixed asset register.
This integration and the real-time processing ensures that all accounts are always up to date and in balance. It also avoids the need for data duplication and reduces the possibility of error. The single source of financial data means that reports and inquiries reflect an accurate position at all times. The single ledger environment allows you to report across all ledgers, accounts, accounting periods and analysis codes, at any level.
All ledger entries are held in the single ledger and can be held for as long as you require. As a result there is no need to actually transfer depreciation transactions from the fixed asset module into the general ledger. Data from a single ledger is accessed by each module so that, for example, changes made in the ledger accounting module are reflected in the asset register module and in the corporate allocations module. You can specify the analysis structure that you attach to each transaction or a reference data record.
You can attach a number of analysis codes to each entry, to each account, and to an number of other useful data entities. These analysis codes allow you to extract and report on your data in many different ways, according to your business requirements. You have complete control over the analysis codes, and reporting structures.

December 20, 2005

MIS and SunSystems solutions deployed in 500 legal entities across the enterprise
 
Systems Union Group plc has announced that Chicago-based JMB Realty has selected the Group’s portfolio as the core solution for its financial and performance management strategy. By standardising with Systems Union, JMB Realty will be deploying the company’s integrated MIS and SunSystems financial and performance management solutions. JMB Realty is the latest Chicago-based organisation to select Systems Union since the company opened its new offices in the city this past summer.

“We have gone through a long and rigorous evaluation process and have found Systems Union to be the best solution for our business needs,” explains Ron Godsey, Senior Vice President and Controller for JMB Realty. “We are very focussed on driving forward a new financial and performance management strategy and Systems Union – and the MIS and SunSystems solutions in particular – has thus far demonstrated the technological expertise and experience in our market needed to be our partner in this major undertaking.”

JMB Realty has purchased 10 users of MIS Enterprise Planning, 37 users of SunSystems 5 Foundation, Accounting, Corporate Allocations, Connect and Vision 6. The deployment is underway with the first go live dates planned for early 2006.