| General Ledger
The General Ledger module is the focal point for all transactions generated by the other Interact modules. Here, the transactions are summarized to the period, identified as current period and stored as year-to-date detail. This data, in combination with the financial report generator, adds a whole new dimension of reporting capability to the GL system, over and above the standard reports. With the financial report generator, the user can define and produce financial reports and statements to meet the needs and demands of their particular business.
There are also a variety of terminal display inquiries into account balances and specific account details. The inherent user definable account number structure allows for the adaptation of
"InTerAct" to an existing account number structure or for a redefinition to a more suitable account structure, without the need for any program changes.
The GL module can also be used as a stand alone system driven by general journal entries and recurring journal processing.
System Features:
 | Ability to enter balanced entries to prior periods. |
| Enforced by journal number zero balance by period before posting |
| Transactions are coded and identified by source type |
| Transactions are transferred to the General Ledger on either a summary or detail basis as determined by the user on an account-by-account
designation |
| YTD transactions are optionally retained in summary or detailed form, organized by period within
year |
| MTD transactions are isolated for reporting and
evaluating |
| Either 12 or 13 accounting periods supported |
| Direct journal entries |
| Recurring journal entries |
| Budget, current year and last year data supported (option for 5 year retention) |
| Inquiries and reporting of current month, YTD and budget information by a specific account or a range of
accounts |
| Multiple and independent client processing |
| GL integrated with all other “InTerAct” modules |
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Financial Report Generator:
| Free form report definition (down the page) to accomplish spacing, account selection, calculation print options and more |
| Free form column definition (across the page) to accomplish variable period content (mtd, ytd, quarter, other) by column as well as account selection |
| Standard 6 column reporting with 13 column option assuming availability of 244 character variable pitch printer |
| Up to 9 levels of accumulation with complete printing and totaling control |
| Calculations, including adding, subtracting, multiplying and dividing |
| Percents per column (actual as % of budget etc.) |
| Ability to reference lines from any record for consolidation and calculations |
| Variable headers and disclaimers |
| Reports, once defined, an be cloned by varying aspects of the account number i.e. branch, division, cost centre, etcetera to allow specific reporting |
| Vertical allocations with the total preceding or following allocation |
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