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By: Peter Poletti

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Ledger Development and Management Functions & Features

Modules include Manages disparate sets of books for each entity;Users may manage and update a set of books for each entity's ledger;Assigned books use ledger calendar and chart of accounts;A currency base and the reporting year may be determined and set for all books;Divides sub-ledger into smaller components for departments, cost centers, expense categories, projects, etc.;Sequential account numbers are not required in order to subtotal accounts;.. Ledger Development and Management Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Ledger Development and Management 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 Ledger Development and Management Functions & Features comprise the following elements:

  • Manages disparate sets of books for each entity

    Should include tax, financial statements, as well as internal reporting and current cost reporting Manages disparate sets of books for each entity, Ledger Development and Management Functions & Features
  • Users may manage and update a set of books for each entity's ledger

    Users may manage and update a set of books for each entity's ledger, Ledger Development and Management Functions & Features
  • Assigned books use ledger calendar and chart of accounts

    Assigned books refer to the set of accounting records for a specific business entity. Assigned books use ledger calendar and chart of accounts, Ledger Development and Management Functions & Features
  • A currency base and the reporting year may be determined and set for all books

    Base currency is the currency that is used in accounting books. A currency base and the reporting year may be determined and set for all books, Ledger Development and Management Functions & Features
  • Divides sub-ledger into smaller components for departments, cost centers, expense categories, projects, etc.

    Divides sub-ledger into smaller components for departments, cost centers, expense categories, projects, etc., Ledger Development and Management Functions & Features
  • Sequential account numbers are not required in order to subtotal accounts

    Accounts and groups may be subtotaled regardless of their numerical sequence. Sequential account numbers are not required in order to subtotal accounts, Ledger Development and Management Functions & Features

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Functions and Features