Financial accounting is at the heart of almost every organizational decision. The measure of success and failure in the business world is based upon data that is collected, measured, and analyzed from the finance and accounting process. SunSystems understands this and our financial modules are specifically designed to provide you with immediate access to all your information, so that decisions can be made when they should be, enabling true financial management.

The Accounting module delivers Ledger Accounting and Budget & Commitment Control, while additional options for Corporate Allocations and Asset Register enhance the breadth of the financial management offering. In addition, budgeting is brought under control with Budget Management.

Key Features

The following features are integral to the financial modules of SunSystems:

Accounting

• Single integrated ledger, combining attributes and functionality of nominal, sales and purchase ledgers, cash book and analytical/project ledger
• Facility for transaction entry to the ledger
• Open periods to match posting and reporting requirements of the organization
• Support for multiple budgets
• Dual base-currency, providing full euro and GAAP support 
• Online archive for completed transactions 
• Sophisticated and flexible ledger inquiry function
• Automated payment terms functionality to calculate due dates, etc.
• Tax reporting, with up to 100 criteria available for selection
• Standard text for attachment to transaction types and data records
• Multi-currency asset register
• Flexible depreciation - up to 10 methods available per asset
• Asset notes system for tracking histories and life cycles
• Powerful reporting for increased control of fixed assets

Corporate Allocations

• Support for apportioned and fixed percentage allocations, fixed amounts and iterative charging
• Full support for inter-company processing
• High degree of flexibility to define allocation structures for each organization
• Posting options with tight controls to enable finacial management across the corporation 
• Comprehensive audit trail to trace all allocations in full

Budget Management

• Enables the central collation and control of budget spreadsheets used in financial accounting 
• Manages all aspects of enterprise-wide budgeting, forecasting and planning
• Capitalizes on the power and familiarity of standard Microsoft Excel so that individuals can build and control their own budgets easily
• Budget workbooks can be allocated and dispatched to budget holders for completion and return
• Through developing a budget data warehouse, Budget Management handles the process of automatic consolidations, iterative amendments, status logging and the distribution and resubmission of workbooks using e-mail