The WoodPro General Ledger module has advanced software features that are designed for the lumber and building products industry. It allows you to create financial models with unparalleled flexibility and ease of use. All other WoodPro modules are linked to the General Ledger module.
The General Ledger provides for User Workflows and Menus to control access and security as well as providing increased ease of use. The chart of account provides for the definition of multiple reporting elements , including profit centers, branches and reporting centers; accounts with user defined sub-ledger accounts compliment the financial analysis.
The system provides for multiple profit centers and company branches with complete financial analysis for each. A variety of different journal entries are available including: regular journal entries, recurring journal entries, reversing journal entries, and year-end adjusting entries.
General Ledger Consolidation
The General Ledger's built in Consolidation module meets the needs of companies requiring a sophisticated tool to consolidate multiple General Ledgers . It includes support for multi-currency consolidations, multiple account periods, and ability to consolidate modules across Local and Wide Area networks. It also allows you to define the level of detail to consolidate and includes comprehensive audit trails and financial statement reporting tools.
Sophisticated Inter-Company Transactions
WoodPro Insight supports sophisticated inter-company transactions, including inter-company fund transfers , inter-company inventory transfers order , inventory inquiries , sales, purchases, expenses, and cost allocations.
Bank Reconciliation
Bank Reconciliations are easily facilitated with the Bank Reconciliation feature, which keeps track of all outstanding checks and deposits, and posts all adjustments from the bank statement directly to the general ledger.
Inquiries & Reports
General Ledger inquiries include Account Inquiry , Document Inquiry , Source Inquiry, and Full Inquiry. Audit trails are well documented and easy to follow through the inquiries or printed reports.
A variety of reports in both detailed and summarized formats can be printed including Trail Balances, Worksheets and Working Papers.
Financial Statement Formatting
The many options available in the Financial Statement Formatting section allow you to custom design and print your own financial statements. Statement information can include budget or prior-year comparative adjustments, forecasts and notes. This information can be organized into current period, year-to-date, quarterly or yearly total, and analyzed by ratio or variance analysis. All prior-year, budget and current information can also be transferred to spreadsheet format.