Facebook   Twitter   Linkedin     Wordpress
Whitepaper      Accounting and Financial Management      Business Intelligence and Reporting      Customer Relationship Management      Customize and Personalize      HR Management      Multi Company and Global Operations Management      Operations and Distribution Management      Payment Processing      Payroll Management      Services and Project Management      Technology      Sage CRM Video      Sage ERP Video
General Ledger

Download Whitepapers

Download Brochure

Download Factsheets

Download Stop Profitleaks

Handle your most demanding budgeting and processing needs, today and as your company grows.

Put the robust feature set of the Sage ERP Accpac General Ledger module to work for your business. The foundation of your accounting system, General Ledger fully integrates with all Sage ERP Accpac modules to maximize the efficiency and accuracy of your financial information
  • Configurable general ledger account setup allows adoption of unique processes and best practice
  • GAAP, FASB, and IFRS compliant, including full transaction threading from sub-modules for comprehensive data auditing
  • Easily manage up to 10 different account segments and store up to 99 years of financial history for detailed financial reporting
  • Built-in Financial Report writer makes creating income summaries, balance sheets, and cash flow statements a breeze
  • Built-in Business Intelligence optimizes financial management and analytics
  •  Easily import transactions from other applications or export data
  • Efficiently handle multicurrency transactions with full control
  • Organize data for multi-level reporting

Whitepaper Introduction

The Public Company Accounting Reform and Investor Protection Act of 2002 (also known as the Sarbanes-Oxley Act of 2002) was passed by U.S. lawmakers to reinforce honest and transparent corporate practices in the wake of the various public accounting scandals and corporate failures of the 1990s. The Act has changed the way public companies do business.

IT controls that typically fall under the scope of a SOX 404 assessment may include:
  • Specific application (transaction processing) control procedures that directly mitigate identified financial reporting risks. There are typically a few such controls within major applications in each financial process, such as accounts payable, payroll, general ledger, etc. The focus is on "key" controls (those that specifically address risks), not on the entire application.
  • IT general controls that support the assertions that programs function as intended and that key financial reports are reliable, primarily change control and security controls.
  • IT operations controls, which ensure that problems with processing are identified and corrected.

To comply with Sarbanes-Oxley, organizations must understand how the financial reporting process works and must be able to identify the areas where technology plays a critical part. In considering which controls to include in the program, organizations should recognize that IT controls could have a direct or indirect impact on the financial reporting process. For instance, IT application controls that ensure completeness of transactions can be directly related to financial assertions.

Some of the benefits of choosing the right business management application:

  • Increase the transparency of financial events
  • Insure distribution of critical information in a timely manner
  • Provide the peace of mind you need on matters of security and access.
Sarbanes-Oxley compliance is about managing your internal processes for reporting, auditing, and disclosure. Download this whitepaper and find out how the right business management application can help you with Sarbanes-Oxley compliance.

Watch Video