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General Ledger Module Software
The General Ledger module is seamlessly integrated to other WoodPro InSight ERP Software modules. The tight integration helps drive better decision-making, regulatory financial compliance, and optimization of business processes at the lowest cost for wholesale distributors, lumber yards, LBM distributors, retailers, pro lumber dealers, sawmills, importers, exporters, wood treaters, and manufacturers of lumber and building materials.
Other benefits are listed below:
- User Workflows and Menus are available to control access and security, as well as promote ease of use on an individual level.
- Over three decades of developments and enhancements to support the demands of your organization.
- Easy data look-up functions, along with comprehensive “drill-down and around” capabilities that link to originating documents facilitate transactional and analytical inquiries.
- Robust user security features enable administrators to maintain control and provide access to the right people, delivering the financial integrity you need and trust.
- Multi-currency functionality for global operations.
- Multi-entity consolidation and reporting for multiple legal company identities.
- Electronic bank statement integration facilitates automatic bank account reconciliation.
- Financial reporting gives you the flexibility to compare performance against budgets by branch/organization unit and profit/cost center.
- Comprehensive allocations from any ledger to multiple accounts is available for more efficient closing.
Chart of Accounts
Define multiple reporting elements, including profit centers, branches and reporting centers. The accounts with user defined sub-ledger accounts compliment the financial analysis.
General Ledger Consolidation
Consolidate financial statements for multiple entities. It includes support for multiple currency conversions, multiple account periods, and modules consolidation across Local and Wide Area networks.
Sophisticated Inter-Company Transactions
Handles sophisticated inter-company transactions, including inter-company fund transfers, inter-company inventory transfers orders, inventory inquiries, sales, purchases, expenses, and cost allocations.
Inquiries & Reports
Documents audit trails, many inquiries (e.g. Account Inquiry, Document Inquiry, Source Inquiry, and Full Inquiry ) and reports can be printed. A variety of reports in both detailed and summarized formats can include Trail Balances, Worksheets and Working Papers.
Financial Statement Formatting
Custom design and print your own financial statements. Information can include budget or prior-year figures, variances, forecasts and notes.