General Ledger Overview NewVision General Ledger gives you a complete set of tools to use in managing the financial aspects of your business.  Tools that give you access to up-to-the-minute financial results that you can act on rather than reacting to.  Tools that let you get at the information that you need to determine what areas of your business are doing well and what areas need tuning.

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With the pressure of competition from multiple sources and shrinking margins your financial data is more important than ever.  Because of its unique technology and structure, NewVision gives you that financial data on a real-time basis and in a format that is meaningful to your decision making process.  With NewVision your financial reporting does not have to take a back seat to the rest of your distribution software.

Budgets
Budgets let you assign budget transactions to each general ledger account in the chart of accounts. For each account, you can assign budgets on a daily, weekly, monthly, quarterly or annual basis. You can also assign budgets by user-defined accounting periods. There is no limit to the number of budgets you can create. Plus, budgets can be created for any number of years into the future. Alternative budgets and revisions of budgets are included. General ledger reports and query screens, where applicable, include budget numbers for comparisons.

Cash Management-Bank Account Management
Bank Account Management allows for tracking of monetary accounts at financial institutions. Balances may be maintained in both a local currency and in dollars. Cash receipt and payment transactions are tracked by bank account.

Cash Management-Check Writing
Payroll and Accounts Payable disbursements can be made by printed checks. Controls are in place for check number tracking and voiding checks that do not print property. This granule allows for printing manual checks as well as computer generated checks. Electronic Payments provides the ability to send electronic checks through the ACH banking system to either vendors or customers. Any payment can be tagged as a Computer Check, a Manual Check or an Electronic Payment. Electronic Payments are exported into a standard format file, which is then transmitted to your bank.

Dimensions
This feature adds additional dimensions to the General Ledger and to any of the other ledgers in NewVision Software. You can assign department and project codes to each transaction that involves a general ledger account, customer, vendor, inventory item, or resource. Dimensions allows you to add multiple facets to your reporting and statistical functions.