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By: Peter Poletti

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Controls for Ledgers Functions & Features

Functionality below includes Ten or eleven check digits may be set and managed per module;Identifies accounts that are inactive and inhibits or prohibits posts to those accounts;Suspense account creation to hold transactions with errors, to be processed and permanently classified at a later date;Suspense accounts classified by error code;Rules validate and ensure consistency of fields and accounts;Verifies account, sub account, and cost center combinations;.. Controls for Ledgers Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Controls for Ledgers Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

  • complete response from each ERP software vendor
  • deep and accurate evaluation of submitted ERP proposals
  • impartial side-by-side comparison of ERP solutions evaluated
  • rational and documented selection of the best matching ERP system

The ERP software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the ERP solutions from scratch.

The Controls for Ledgers Functions & Features comprise the following elements:

  • Ten or eleven check digits may be set and managed per module

    Check digits are used with a mathematical formula for the sake of discerning recording errors. A check digit is a digit added to the numbers of a coding system. Ten or eleven check digits may be set and managed per module, Controls for Ledgers Functions & Features
  • Identifies accounts that are inactive and inhibits or prohibits posts to those accounts

    Identifies accounts that are inactive and inhibits or prohibits posts to those accounts, Controls for Ledgers Functions & Features
  • Suspense account creation to hold transactions with errors, to be processed and permanently classified at a later date

    Suspense account creation to hold transactions with errors, to be processed and permanently classified at a later date, Controls for Ledgers Functions & Features
  • Suspense accounts classified by error code

    Suspense accounts classified by error code, Controls for Ledgers Functions & Features
  • Rules validate and ensure consistency of fields and accounts

    Rules validate and ensure consistency of fields and accounts, Controls for Ledgers Functions & Features
  • Verifies account, sub account, and cost center combinations

    Verifies account, sub account, and cost center combinations, Controls for Ledgers Functions & Features

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Functions and Features