General Ledger

The WOODPRO 2000 General Ledger module has advanced features that are designed to create financial models with unparalleled flexibility and ease of use. All other WOODPRO 2000 modules are linked to the General Ledger module. The system provides for multiple profit centers and company branches with complete financial analysis for each.

A variety of different journal entries are available including: regular journal entries, recurring journal entries, reversing journal entries, and year-end adjusting entries.

Bank Reconciliations are easily facilitated with the Bank Reconciliation feature, which keeps track of all outstanding checks and deposits, and posts all adjustments from the bank statement directly to the general ledger.

General Ledger inquiries include Account Inquiry, Source Inquiry, and Full Inquiry. Audit trails are well documented and easy to follow through the inquiries or printed reports.

A variety of reports in both detailed and summarized formats can be printed including Trail Balances, Worksheets and Working Papers.

The many options available in the Financial Statement Formatting section allow you to custom design and print your own financial statements. Statement information can include budget or prior-year comparative adjustments, forecasts and notes. This information can be organized into current period, year-to-date, quarterly or yearly total, and analyzed by ratio or variance analysis. All prior-year, budget and current information can also be transferred to spreadsheet format.