General Ledger

• Customizes your system's charging structure
• Defines account numbers, segments, and organizational structures and hierarchies
• Allows you to tailor your Costpoint structure to your company's needs through user-defined account and organization structures
• Provides summary or detailed reports by organization, alternate reporting structures, reference numbers, or financial statement lines
• Maintains multiple user-defined financial statement presentations for balance sheets, income statements, and statements of cash flows
• Establishes journal entries with specific recurring or reversing information for each entry Offers numerous controls for your accounting module

Cash Management

• Reconciles bank accounts, prints related reports, evaluates intercompany transfer activity, and creates "Due To/Due From" journal entries at the balance sheet level
• Forecasts your company’s cash position and creates, edits, and prints cash forecasts
• Creates scheduling, monitoring, and long-term planning forecasts, maintains company bank accounts, cash accounts, bank statements, and generates reports on bank statements and bank reconciliation summaries

Accounts Payable

• Controls vendor approval functionality
• Establishes valid A/P account, organization, reference 1, and reference 2 numbers for Accounts Payable
• Assigns Vendor identifiers and sets up vendor terms for calculating discounts and due dates
• Enters Accounts Payable vouchers and creates recurring ones
• Creates purchase order vouchers and re-computes and prints purchase order discrepancies
• Controls voucher approval and posting
• Prepares, approves, and prints checks; creates and controls Electronic Fund Transfers (EFT)
• Creates inquiry screens for vendor, check, and voucher history
• Prepares reports on voucher registers, cash requirements, check registers, and A/P history

Accounts Receivable

• Provides numerous functions relating to cash receipts and collections
• Prints customer statements and reminder notices
• Maintains databases for collection contacts, notes, cash discounts, and finance charges
• Provides accounts receivable aging reports, history reports, and inquiries
• Provides user-defined information fields that enable you to tailor information tracking to your company's specific needs
• Sets up and maintains customer credit limits and credit ratings
• Establishes and maintains sales territory information, shipping method information, customer terms for calculating discounts, due dates, and finance charges
• Maintains invoice, receipt, and sales order history for specific projects and customers

Project Setup

• Enables quick and easy setup for all project types
• Provides roll-up capabilities with a detailed Work Breakdown Structure (WBS) for any project level
• Establishes and maintains company-wide settings and codes for projects
• Initializes labor categories and billing rates
• Sets up revenue calculation methods
• Enters data and inquires on project history
• Sets up project values and unit pricing

Project Budgeting

• Creates and maintains budgets for each project
• Structures costs (direct, labor, unit, and subcontractor) to incorporate indirect costs (fringe, overhead, general and administrative, and others), using specific multipliers to mark up these costs
• Creates baseline and workplan budgets by project
• Enables easy tracking using each project's original budget as the baseline and each revision as a new version of your project's workplan budgets

Cost & Revenue Processing

• Establishes cost pools, allocation groups, and pool processing sequences
• Computes burden cost, revenue, billing value of cost incurred, multi-job allocations, and rates and cost allocations for both pools and service centers
• Loads labor rates, applies discount amounts, and posts revenue and inter-company journals
• Handles indirect cost allocation methodologies and provides sophisticated revenue calculations for numerous project types

Reporting & Inquiry

• Computes and prints commitments for purchase requisitions and purchase orders
• Produces reports that accurately predict General Ledger charges and future financial obligations
• Creates analysis, summary, and worksheet report tables necessary for specific project reports
• Reviews project costs and revenue without printing reports
• Researches potential revenue problems and reviews project ledger information

Employee

• Employee master data located in one location to be used for processing labor, leave and payroll
• The HR user has ability to manage an individual employee’s leave record or payroll record and make adjustments
• Updates to Employee Deductions/Contributions on a company-wide basis can be geared to a particular employee class, organization, or labor location

Labor/Leave

• Manage the timesheet collection to labor calculation quickly
• Timesheets can be processed in batches for adjustments, allowance allocation or applying compensated overtime
• Leave processing naturally follows timesheet collection/labor calculation
• Leave configuration allows for unlimited company-wide leave tables

Payroll

• Robust capability to calculate and process payroll, and create the Direct Deposit file
• Garnishment payments can be collected and a remittance created in Accounts Payable
• Mag files can be created to submit for Federal and State submission