Key Features – Financials

Overview

SunSystems 5 offers a highly functional and powerful financial management system. The Accounting module delivers Ledger Accounting and Budget & Commitment Control, while additional options for Corporate Allocations and Asset Register enhance the breadth of the offering.
In addition, budgeting is brought under control with Budget Management.

Accounting

Single integrated ledger, combining attributes and functionality of nominal, sales and purchase ledgers, cash book and analytical/project ledger
Online facility for transaction entry to the ledger
Open periods to match posting and reporting requirements of the organization
10 budget ledgers defined to reflect in-house requirements
Dual base-currency, providing full euro and GAAP support
Includes Reconciliation facility, e.g. for bank statements
Online archive for completed transactions
Sophisticated and flexible ledger inquiry function
Automated payment terms functionality to calculate due dates, etc
Tax reporting, with up to 100 criteria available for selection
Standard text for attachment to transaction types and data records
Commitment and over-expenditure checking
Budgets defined for up to five analysis categories within a budget account
Ability to restrict budgets to current period or provide multi-year budget control

Asset Register

Flexible depreciation – up to 10 methods available per asset
Asset notes system for tracking histories and life cycles
Powerful reporting for increased control of fixed assets
Multi-currency asset register

Corporate Allocations

Support for apportioned and fixed percentage allocations, fixed amounts and iterative charging
Full support for inter-company processing
High degree of flexibility to define allocation structures for each organisation
Posting options with tight controls
Comprehensive audit trail to trace all allocations in full

Budget Management

Enables the central collation and control of budget spreadsheets
Manages all aspects of enterprise-wide budgeting, forecasting and planning
Capitalizes on the power and familiarity of standard Microsoft Excel so that individuals can build and control their own budgets easily
Budget workbooks can be allocated and dispatched to budget holders for completion and return
Through developing a budget data warehouse, Budget Management handles the process of automatic consolidations, iterative amendments, status logging and the distribution and resubmission of workbooks using email