• All transactions are posted via the function Ledger Entry.
• Invoices, cash receipts, accruals; budgets are all set up as different Journal Types.
• Each Journal Type may have different requirements depending upon the transaction being posted e.g.

      Which analysis codes are required?

      Should VAT be automatically calculated?

      Does the journal involve foreign currency amounts?

      Should the journal be reversed in the following period? 

• These requirements may be met by using the function Journal Type Setup to set up each different type of journal.
• Transaction lines within a journal may be pre-defined to speed up entry using the function Journal Presets Setup. 

• You may define up to 999 accounting periods depending upon reporting requirements.
• The number of periods may be changed during the year.
• You decide which periods are available for posting.
• There is no period-end routine - periods may be opened and closed as required.
• All journals must balance within a single period.
• You may not post a debit to one period and the corresponding credit to another.
• The ledger must be able to produce a Trial Balance in every period. 

• To post budget information, Ledger A is ‘cloned’ to Ledger B. All accounts, which have been set up in Ledger A, are automatically available in B.
• Actual & budget postings are kept entirely separate.
• Revisions to budgeted amounts may be posted to Ledger B or the complete revised budget may be posted to any other ledger from C to K.
• It is straightforward to produce a report showing actual results against budget with the variance.