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Features
Ag Payroll
Labor Reports
Receivables
Payables
General Ledger
Query/Data Export
User Interface
System Requirements
Pricing
Ordering Information
Download
Evaluation
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The
Labor Contractor's
Office
Product
Brochure online.
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General Ledger
The General Ledger system is integrated with the rest of the Labor
Contractor's Office programs. All information that you enter is updated to the general
ledger automatically, so you don’t need to know what accounts should be debited or
credited.
In addition, the individual modules that make up The Labor Contractor's Office
get
balances directly from the general ledger for specific accounts. For example, the bank
balance displayed on the Checkbook window is directly taken from your general ledger cash
in bank account. The Tax Deposit window in the payroll gets the balances for each tax from
the general ledger liability accounts. And the payable and receivable aging reports use
the appropriate general ledger account balances when printing aging reports as control
totals.
Such integration between the components of The Labor Contractor's Office gives you
greater confidence in the accuracy of the report totals, bank balances, and payroll taxes
due.
Some of the features of the General Ledger system include:
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Full double entry accounting system with fiscal year independent of the calendar year.
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The standard Chart of Accounts supplied with The Labor
Contractor's Office can be modified for
your specific farming operation.
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Payroll checks, payable invoices, checks, deposits and receivable invoices are
automatically updated to the General Ledger.
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Ability to enter general journal transactions, for any adjustments that your accountant
may make.
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Prints a variety of financial statements, including:
Trial Balance
Balance Sheet
Profit or Loss Statement
Profit or Loss Statement with Ratios
Profit or Loss Statement with Budget Comparison
Profit or Loss Statement with Prior Year Comparison
Trial Balance Worksheet
Cash Flow Worksheet
12 Month Financial Reports (Balance Sheet and Profit or Loss)
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Financial Statements may be printed at any time, even in the middle of the month.
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A prior fiscal year can be left open until final adjusting entries are made, while you
continue with work in the current fiscal year.
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Recurring journal entries can be entered just once and
posted monthly with one click.
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Financial Report Generator allows you to create your own financial reports.
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