The Heart of Local Government Fund Accounting
The world of running a local government is interdependent and you need a system that can keep pace. That's why we designed INVISION with so many ways to share data between modules. The Fund Accounting system is not only a powerful product by itself, but when you combine it with optional modules such as Budgeting, Encumbrance Accounting, General Ledger and the rest of the INVISION system; you have a single-source solution for your local government.
The INVISION Fund Accounting Module Features:
- Cash or Accrual Accounting
- Accounts Payable Sub-System
- On-line access to mission critical data
- Budget to Actual reporting
- Integrated multi-fiscal years
- Complete read-only capabilities
- Bank reconciliation
- Automated month/year end procedures
- Integrated Inventory System
- Integrated to General Ledger
- 1099 processing
- On-line access to expenditures for current year and past two years
- Automatic due to/due from entries
- Open Invoice Reports
- Cash Requirements Reports
- Expense/Revenue Control Reports
- Cash Flow Analysis
Budgeting
- Separate budget masters automatically created from appropriation masters
- Worksheet and final report formats
- Interactive with current year data
- Multi-step budget cycle processing
General Ledger
- Integration with all INVISION modules
- Direct entry balancing verification
- Multiple year account historical retention
- Automated period and year end closing
- User defined account structure
- Flexible online account query
- User defined security system
- Flexible user defined report formatting
- Immediate access to current financials
- Automated posting of recurring entries
- Previous period/year reporting comparisons
- Budget reporting comparisons
- Statistical reporting comparisons
- Full account audit control
- Integrated with Office Automation Products
- Optional Fixed Asset Module
To learn more about the Fund Accounting Module or INVISION system, download a software demo, download an informative brochure or contact us.