Property Management - General Ledger

Your business decisions depend on sound fiscal information. If the ledgers supporting that information aren’t carefully maintained, then your decisions lose validity, and you lose money, tenants, credibility, and more. That’s why Gold was designed with an accounting framework that manages every fiscal detail with textbook precision.

Tight system integration allows you to enter information once to distribute it throughout the software. Gold’s General Ledger, the backbone of the system, offers the following features:

• 25-character accounts—with three prefixes, a base, and a suffix allow fiscal reporting by entity (such as owner, property, division, etc.).
• Multiledger accounting structure—allows tracking of multiple fiscal entities and profit centers for easy, detailed, and consolidated financial reporting.
• Simultaneous cash and accrual data storage—allows accrual method accounting and cash method reporting.
• Unlimited budgets for future years—allows up to 10 budget types per year.
• Owners account—provides an alternative number for each account. Produce reports using the account numbering scheme of joint venture partners, lending institutions, or government agencies.
• Open/close periods—as needed (security permitting).
• Account activity storage—for up to 23 previous periods and six future periods.
• Prior period adjustment—allows you to edit prior period transactions. You can even make adjustments for the prior year.
• Recurring entries, auto-reversing entries, and expense allocations—automate redundant tasks.