Financial transactions originating in other eCity applications are posted to the ledger when the source document is posted. These journal entries can be posted in detail or summarized by account or account and sign (debit or credit). This option can vary by type of journal. The summary option will greatly reduce the transactions in your general ledger.

Use the manual journal entry process for adjustments and closing entries. Manual entries can be corrected as long as the fiscal period remains open.

Use the copy facility to create a new entry from an existing entry or to reverse a posted entry. Entries can be flagged for automatic reversal on a future period. Journal entries can recur automatically on a specified frequency. Use allocation formulas create entries on demand by applying a formula to information stored in the ledger (e.g. actual, budget or statistical).

Numerous control reports are provided. Financial Statements can be quickly prepared by account personnel with no help from your IT staff. Common templates are also provided to speed the process.