 General Ledger
Organizing your business information will be easier than ever with tools and forms that consolidate all of your information in one place. All transactions are tracked and tied directly to your General Ledger.
No more sifting through paper statements to find a single equipment purchase or deposit date. No more tedious calculations to add up all of the bills. Set up recurring transactions to eliminate repetitive tasks. One simple workflow will help you manage your cash and stay on top of your finances.
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General Journal
The General Journal form allows you to enter transactions that aren't specific to the Checkbook, Sales, Purchases and Inventory transactions. You use the General Journal to enter those types of transactions that are not readily categorized elsewhere in the program. Having an easy to use layout can make this task painless. In addition, duplicating a Journal transaction can save you the time of entering it again.
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Budgets
Setting and monitoring a budget is an easy task. With comparison to last year's budget on the same screen you can see spikes in spending and trends between different periods of time. A breakdown by account and quick search capabilities makes the budget process efficient and seamless.
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General Ledger Setup Wizard
Creating a complex General Ledger with segments such as department or divisions is handled through a graphical setup wizard. Having explanations and assistance as you setup this crucial area of your accounting is a huge benefit. A step by step walkthrough of each area ensures that you do not overlook something critical to your business.
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Accounting Periods
Having flexibility in creating the right accounting periods for your business is important. Whether you need to have weekly, monthly or quarterly accounting periods, you can determine your beginning and ending dates and monitor open and closed periods at a glance. Having a way to secure transactions within a selected period of time ensures your financial information will not change.
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Chart of Accounts
The Chart of Accounts gives you a visual way of viewing all accounts created in your General Ledger. You can view account groups and account numbers as well as make description changes in this area. The ability to search for specific accounts or groups as well as print out those accounts is an added benefit.
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Default Accounts
Default Accounts are used to assign specific General Ledger accounts to key areas of the program. By setting up the default accounts by module, VisionCore will automatically fill in these accounts when creating transactions throughout the program. This will save you time knowing that the selected default accounts are being populated for you.
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Close Fiscal Year
At the end of your company's fiscal year you can zero out the Revenue and Expense accounts and to remove all entries to the General Ledger through the Close Fiscal Year process. After closing the fiscal year the company will have a clean General Ledger for the current fiscal year. Once you close the fiscal year there is no way to go back and build the GL detail that has been removed. However, you do have the ability to archive the transaction details outside of the program.
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Fixed Assets
What is Fixed Asset? A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be consumed or converted into cash any sooner than at least one year's time. The term "property, plant and equipment" is commonly used by most manufacturing enterprises. For merchandising and service enterprises, the term "fixed assets" is more appropriate.
The Fixed Assets form is used to store all the detailed information about your fixed asset. You will be able to view details like the date the asset is acquired, is placed in service, its retirement date, its depreciation method for each of your fixed assets. You can be as detailed as you feel necessary since the more information you enter, the easier it will be to identify the asset.
Growing your business requires planning and your own business history is a gold mine of information to help you make tough business decisions.
You'll be able to quickly calculate things like:
How much do I spend on rent and utilities?
What are my most expensive non-revenue-generating activities?
What is my current cash situation?
Should I buy or lease my capital equipment?
What is my peak selling season, both overall and for individual items?
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