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By: Peter Poletti

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Journal Entry and Reporting Functions & Features

The accounting department is typically responsible for recording all transactions in the company in the journal (GL). All of the criteria that fall Journal Entry and Reporting relate to various ways to record journal transactions. For example payroll is an AP item. As paychecks are cut the AP items need to be reconciled with the cash outflow. A software feature might be the automatic reconciliation of payroll deductions when paychecks are issued (as opposed to having an accountant have to key the transactions by hand).. Journal Entry and Reporting Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Journal Entry and Reporting 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 Journal Entry and Reporting Functions & Features comprise the following elements:

  • Automatic A/P entries and maintenance by interfacing with another accounting system

    Automatic A/P entries and maintenance by interfacing with another accounting system, Journal Entry and Reporting Functions & Features
  • Automatic inventory entries and maintenance interfacing with another accounting system

    Automatic inventory entries and maintenance interfacing with another accounting system, Journal Entry and Reporting Functions & Features
  • Automatic cash account entries and maintenance by interfacing with another accounting system

    Automatic cash account entries and maintenance by interfacing with another accounting system, Journal Entry and Reporting Functions & Features
  • Interface with third party payroll provider for automatic entries and maintenance

    Interface with third party payroll provider for automatic entries and maintenance, Journal Entry and Reporting Functions & Features
  • Journal entries may be input directly

    Journal entries may be input directly, Journal Entry and Reporting Functions & Features
  • Real time journal entries update daily journal file and balances instantly

    Real time journal entries update daily journal file and balances instantly, Journal Entry and Reporting Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which ERP solution is the best for your needs.

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Functions and Features