Accounting

LEGEND MODULES

Genesis Graph Productivity & Profitability Inter-Store Transfers Purchasing Inventory Control Customer Order Processing Accounting Add Ons Price Updating
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Legend includes a powerful fully integrated account module consisting of Account Receivable, Accounts Payable, and General Ledger components that support all of your back-office operations. Each module provides a consistent look and feel so training time is minimized. Most important, all the Accounting components are tightly integrated, giving you access to real-time business intelligence to make better decisions.

Accounts Receivable

Account Receivable module allows for an unlimited amount of customers to be entered. Customers can be set up as Balance Forward or Open Item on Weekly or Monthly statement options. Easy access is provided thru unlimited search keys. Credit Authorizations can be tied to specific limits or aging buckets.

Detailed history is kept on all customer transactions for easy tracking. This includes all sales, returns, payments and adjustments. This history provides extensive drill down capabilities to view the detail behind each transaction.

A customer call note system keeps track of all calls entered for the customers account with can include collection calls, reminder calls, sales calls, etc.

Accounts Payable

Account Payable module allows for an unlimited amount of vendors to be entered. Vendors are shared with the purchasing module for easy PO reconciliation. Check and cash disbursements are easily handled and support a variety of payment options, including split payments, deferred payments, etc. Check printing may be on pre-printed check stock or laser generated checked from blank stock. Additionally, the A/P module can be setup as a centralized system supporting a single/main company paying bills for branch stores.

Detailed history is kept on all vendor transactions for easy tracking. This includes all purchases, returns, payments and adjustments. This history provides extensive drill down capabilities to view the detail behind each transaction.

General Ledger

General Ledger module provides a comprehensive reporting engine that is updated automatically every day either in detail or summary for applicable software modules. The system support multi-company and multi-corporation configurations. Financial Statements are designed by using the report designer and can be customized for each business. Retained Earnings are automatically posted at the end of the year. Journal entries may be entered at any time including support for both reversing entries and recurring entries.

Multi-store/warehouse organizations can consolidate all the financial data of their individual business units into a single set of financial statements. The consolidated statements provide a way to drill down into the data—even to the transaction level. As a result, you can better understand how each business unit is performing. In addition to store consolidations the system can also be setup as departments, thus tracking business performance for each department.

Use Legend's budgeting capabilities to capture your business objectives for the coming financial year. You can generate up-to-the-moment comparative reports to evaluate your performance on all financial reports. Budgets may be imported from outside sources, including Excel.