Acumatica General Ledger

This blog is taken from the notes that our senior consultant made during his certification training for Acumatica Cloud ERP and focuses on the Financial Management Features.

 

Throughout the training our senior consultant made comparisons to other Mid-Range ERP (MERP) Systems so that we could see where Acumatica really is a step above the rest.

 

“Acumatica has some great features and improvements over what other Cloud ERP Systems can offer.”

Acumatica Cloud ERP - General Ledger

GL Allocations – this is another very flexible feature.  Some other MERPs only allow allocation by percentage. Acumatica Cloud ERP has percentages, weights, period to date balances and year to date balances. So it can look at the destination accounts and balance the allocation based on their relative balances. That's incredible! It even has a section for external rules if you want to configure your own.

Improved Fiscal Period Handling - Acumatica has the ability to close fiscal periods by module that most other MERPs have and it allows posting to previous periods, but then it filters this by allowing you to make some historical periods unavailable for posting to at any time.

Closing Processes - to close your GL at the end of a period you need to close your sub ledgers and post all transactions created for that period. What makes this feature really great is that there is a button right there on the screen that will show you all the open documents for that period that still need to be posted. And as per my notes on the core features, you can just click them and post them from the same screen. No need to go hunting!