General Ledger

The core of your financial systems is the general ledger. Flexibility, ease-of implementation and adaptability are the hallmark benefits you can expect, allowing you to solve your immediate needs, as well as establishing a solid foundation for future growth. Navigator

Navigator GL allows you to:

• Manage and report on multiple funds, fund classes and fund types
• Setup 10 dimensions for "core" GL classification and reporting
• Maintain up to 120 alphanumeric characters for the 10 primary dimensions
• Use a "logical" chart of accounts for data entry, validation and security
• Create an unlimited number of additional dimensions for "sub-ledger" reports
• Consolidate multiple entities directly or via data transfers
• Setup accounting calendars with daily, weekly, monthly or other periods
• Manage an unlimited number of foreign currencies
• Easily setup and generate "standard" financial reports
• Manage budget, commitment, encumbrance, actual and statistical transactions
• Investigate system-maintained audit trails using registers and change logs

Manage Funds, Fund Classes and Fund Types

Navigator GL ensures that each fund is balanced automatically at both the fund and fund class levels. Due to/from entries are generated automatically and are immediately visible to allow you instant inquiry and reporting. Fiscal closing entries are generated by fund and fund class and closing can be done by fund based on the fund's fiscal year.

Logical Chart of Accounts

Because of our logical and relational chart of accounts coding structure you will eliminate tedious account strings and redundant coding for future expansion. Users only need to enter dimension values you require to classify transactions, and you can add new dimensions for new reporting requirements at any time in the future. Planning and defining your chart of accounts becomes easy and allows you to implement faster. Serenic Navigator Validation and user access rules can be defined based on GL dimensions to limit posting, as well as access to data.

Security by Account Dimensions

You can define validation rules to limit the combinations of funds, accounts and dimensions enabled for posting by user, user level and also any other business object such as customer, vendor, project an employee. Access to data may also be limited using these combinations so you can ensure that users are only permitted to update and access their own data.

Multiple Transaction Types and Change Logs

All budget, commitment (pre-encumbrance), encumbrance, statistical data is posted as transactions into the general ledger. This, along with system change logs, assures you of a complete and detailed audit trail of every interaction throughout the life of the system. You can greatly reduce your audit risks and costs with Serenic Navigator.

Standard Financial Reports

Once you have defined the components of your chart of accounts, you can easily produce row and columns financial reports using Account Schedules. Print these reports to paper, distribute them via email, or produce them on-line. On-line reports allow you to drill-down to transaction details, then navigate back to source documents. This ability can eliminate the need for printing volumes of detail reports because you are able to investigate and analyze reports on-line.

Drill-down and Navigation

You can drill-down to transaction details instantly using filtering capabilities to narrow your searches by any data field such as posting date and account dimensions. The ability to use the system to research data anomalies greatly reduces the need to produce reports and empowers all users to get the information they need.

Consolidation and Currencies

Maintain multiple levels of consolidations for subsidiary/affiliate organizations and integrate data directly from other Navigator "companies" or from remote systems. Maintain donor, local, reporting and original currencies in real-time, as well as implementing an unlimited number of transaction currencies for vendors and customers.

Improve Your Audit Experience

Many of our customers selected Navigator because they were failing audits with their existing software. Because our GL maintains a complete audit trail in an integrated relational database, you will be able to provide your auditors with an exhaustive and detailed review of your transactions including budgets, budget changes, internal approvals for budget exceptions and all actual and system generated transactions.

Read More | Go to General Ledger pdf