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Accounting Package
The FPS GOLD Accounting Package includes Accounts Payable (A/P), Fixed Asset (F/A), and Payroll Management (P/R) systems that post directly to a powerful General Ledger (G/L) application. In addition, transactions from the FPS GOLD Loan, Deposit, and Loan Origination systems “autopost” directly into the G/L.
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Features and functions of these systems include:
G/L
- Define the G/L account structure (total of 17 numeric digits in length with up to five different subfields).
- Set up organizational Chart/Responsibility Center/Cost Center setup functions for branches, cost centers, and subsidiaries.
- Run financial reports by Org Chart/Resp Center/Cost Center or a combination of Cost Centers.
- Create multiple budgets per year with a budget preperation module.
- Customize financial reporting to display actual vs budget balances and calculate variances/ratios.
- Import journal entries from a spreadsheet file.
- Backdate/forward date and automatically post reversing entries to the next accounting period.
- Automate journal entries for accruals, prepaids, and amortizations with G/L Sweep account processing.
- Spread journal entries based on Org Chart/Resp Center setup, user-defined Cost Center percentages, and loan account balance/qty information with Branch Allocation Table Processing.
- Setup and utilize separate charts of accounts for other entities (G/L Clients).
A/P
- Define vendor setup (up to 8 numeric digits in length).
- Have up to five different G/L bank accounts with multiple check formats, and send payments/corrections to a vendor’s deposit account via Automated Clearing House (ACH).
- Process invoice, credit memo, manual checks, and recurring payments.
- Spread A/P postings using Branch Allocation Tables.
- Access form 1099 MISC reporting, and printing and the electronic Internal Revenue Service combined with federal and state filing.
- Setup separate vendor files for branches or other entities (A/P Clients), with the ability to combine 1099 MISC filing by federal Employer Identification Number (EIN).
F/A
- Define fixed asset and prepaid item setup (up to 7 alpha-numeric characters).
- Have up to three different depreciation bases per item.
- Calculate depreciation multiple times before posting to the G/L.
- Spread F/A postings using Branch Allocation Tables.
- Re-calculate and re-post prior period depreciation.
- Set up separate fixed asset files for prepaid items or other entities (F/A Clients)
P/R
- Define employee number setup (up to 10 digits in length).
- Process weekly, bi-weekly, semi-monthly, monthly, and special payroll cycles.
- Include f lexible tax processing (Federal, FICA, Medicare, State, City/County, and Unemployment (federal and state).
- Send, via ACH, multiple payroll deposits and deductions for the same employee to deposit accounts at different financial institutions.
- Monitor company/employee benefits accrual and view G/L postings.
- Access form W-2 reporting, and printing, and electronic filing to the Social Security Administration.
- Set up separate payroll files for other entities by EIN (P/R Clients)
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