BS&A’s General Ledger module is the foundation of our Cloud-Based Financial Management Suite. It acts as the central data warehouse for financial entries from other modules in the Suite, while also providing strict security and control.
It is a powerful general ledger system designed using Generally Accepted Accounting Principles (GAAP) for fund accounting, and to address the specific needs of governmental GASB reporting. The flexible chart of accounts structure and sophisticated reporting tools comply with state regulations, and meet specific needs of local government entities.
All GASB 34 reports are built-in, with no need for a third-party reporting module. Enter Adjustment journal entries in a separate Adjustments fund or in a GASB 34 Adjustments area.
Run statistical reports to identify major/minor funds with support calculations. Reports can be run in summary format – the prescribed reporting format – or in detailed format. Detailed format shows general ledger balances and adjustments, but summary format provides drilldown into individual account balances.