M1 by B&G - General Ledger (including Fixed Assets Register)
Module
M1 General Ledger lets you control the financial activities of your company more efficiently and even includes management of your fixed assets.
M1 General Ledger captures and posts transactions created in Accounts receivable, Accounts Payable, Payroll, Fixed Assets Register and general journals created manually.
Fiscal Periods Includes 13 user-defined fiscal periods, with suggested dates for each period.
Budgets Maintain budgets for any account and year to improve financial analysis.
GL Accounts GL Accounts consist of division, account and department. All are user-defined. Account Categories are used to assist in report generation. Quickly activate the relevant divisions and departments.
Posting Flexibility Transactions can be posted into prior and future periods without the need to close off the current period. Allows time for adjusting entries at period end.
Recurring Entries Improve accuracy and save time by creating recurring entries for regular, fixed amount journals.
Multiple Companies Multiple datasets allow a number of companies to be managed within the same system.
Payroll Integration M1 Payroll is an integrated module within M1 so it will automatically update your General Ledger and Bank Reconciliation when you post the payroll session.
Reversing Entries Create transactions which can be automatically reversed in the next period. The reversing entry is a mirror-image of the original transaction.
GL Distribution Review transactions created in Accounts Payable and Accounts Receivable modules, including source document information.
Fixed Assets Register Fixed assets register allows you to keep track of all your assets from initial purchase right through to disposition. The Fixed Assets Register is fully integrated so when you raise a purchase order for an asset and receipt the asset, the asset record is already created in the register.Depreciation can be calculated using a variety of methods such as straight line, reducing balance, double declining balance and more for both book and tax calculations. One Click and your future depreciation schedules have been generated.M1 allows you to maintain all aspects of an asset; location, plant, work centre and custodian and even record the assets serial numbers.Assets can be grouped to allow simple entry of assets, and simplify reporting and you can have an unlimited number of asset groups/types.Full Integration with the General Ledger module right from asset purchase through disposition as well as monthly depreciation journals.M1 Fixed Assets Register can handle asset transactions from transferring an asset, to revaluing, disposal or sale of an asset.
M1 by B&G - General Ledger (including Fixed Assets Register)
