Phoebus Accounting provides: Single integrated ledger, combining attributes and functionality of nominal, sales and purchase ledgers, cash book and analytical/project ledger Facility for transaction entry to the ledger Open periods to match posting and reporting requirements of the organisation Support for multiple financial budgeting Dual base-currency, providing full euro and GAAP support Online archive for completed transactions Sophisticated and flexible ledger inquiry function Automated payment terms functionality to calculate due dates, etc. Tax reporting, with up to 100 criteria available for selection Standard text for attachment to transaction types and data records Multi-currency asset register Flexible depreciation - up to 10 methods available per asset Asset notes system for tracking histories and life cycles Powerful reporting for increased control of fixed asset
Corporate Allocations
Phoebus can help the organisation automatically collect and allocate complex ledger and asset data. At the same time, costs can be charged to different ledgers, cost centres, projects, products or other categories. Corporate Allocations is a powerful tool that allows you to manipulate existing ledger transactions to generate new transactions.
Key Features Expenses can be split or reassigned, along with other transactions, using predefined criteria Amounts can be allocated across periods, accounts, analysis codes and business units Charges can be split, increased or decreased Corporate Allocations generates and posts all related ledger transactions
Key BenefitsSupport for apportioned and fixed percentage allocations, fixed amounts and iterative charging gives accurate allocations Full support for inter-company processing High degree of flexibility allows each organization to define their own allocation structures Posting options provide tight controls Comprehensive audit trail traces all allocations in full
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