Isis Cash Basis Accounting for Microsoft Dynamics SL (Solomon)

With Isis Cash Basis Accounting for Microsoft Dynamics SL (Solomon), you will never have to perform manual entries again to switch your General Ledger from standard accrual based accounting to its cash basis equivalent. Cash basis Accounting for Microsoft Dynamics SL (Solomon) allows you to generate the accounting entries you need to convert to cash basis for any given period range. You can recalculate at will. The module will automatically reverse any entries generated previously and recreate your new accrual to cash basis accounting entries.

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Product Overview:

• This module processes all open Accounts Payable and Accounts Receivable documents for a given period.
  

• It takes each open or partially open document and calculates the percentage of the document that is still open and not paid (the percentage is between 0 and 100%). It then creates General Journal entries for each transaction of the document with the debit or credit amount derived by multiplying the original transaction amount times the outstanding percentage of the document.
  

• General Ledger batches are created and set to the status of balance in the General Ledger. If the batch is a reprocessed period, the original general ledger batches are reversed out. 

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The Cash Basis Accounting module will:

Make your reporting process easier and reversible: the
module also features a fully track-able audit trail. The module even
includes all the reports you need to see exactly how a given period was
calculated and the documents involved from Accounts Receivable or
Accounts Payable. The module also features transaction history screens
with all of the actual percentages used for each transaction for a given
open document.

Generate the entries to whichever ledger you like: (statistical or financial). You can post the entries to your actual ledger, which will alter your actual books, or you can simply generate them to a separate ledger, enabling you to have both accrual and cash basis reporting in FRx.

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