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Overview

Transparency and accountability are the bywords at all levels: federal, state or local. This is no easy task – especially for large complex organizations such as research facilities, utilities or metropolitan park districts.

Fundamentals 2008 is a fund based accounting system that tracks restriction based transactions in compliance with the GASB rules that govern agencies. It also, provides budgetary control, commitment accounting, cross fund transactions and cross fiscal year reporting. Fundamentals 2008 includes a user-friendly report writer along with a rich array of standard reporting tools. Federal and State Grants can be tracked using the project/grant module.

Large government entities know that operational performance is critical. Fundamentals 2008 offers the full array of features that organizations using fund accounting need to manage and maintain operations.

Using the power of Microsoft Dynamics™ AX - Fundamentals 2008 marries the capabilities of robust fund accounting software with the full ERP capabilities of Microsoft Dynamics™ AX. Unlike standalone accounting software, or clumsy “bolt-on” products, Fundamentals 2008 makes Microsoft Dynamics™ AX “fund-aware” - our word for integration so tight that enterprise-wide decisions and actions recorded in Microsoft Dynamics™ AX appear immediately in your Fundamentals 2008 accounting data.

The General Ledger application has an expandable multidimensional ledger that comes standard with a user definable chart of accounts. It features strong audit trails to support audits, as well as giving you standard GASB 34/35 compliance reporting. It also gives you integrated budgeting, with real-time monitoring, and lets you report on a cash or accrual basis of accounting.

When it comes to Accounts Payable and Purchase Orders, FUNDamentals 2008 lets you charge a single claim (invoice) to multiple funds, integrate purchasing/receipts and invoices, and gives you real-time budget control. It will even let you generate account statements, as well as a transaction history for all vendors. It also lets you group multiple vendors for centralized invoicing and payments.

The Bank Management and Reconciliation Functionality gives you multiple fund accounts that you can apply to one bank account, manage all bank accounts and the associated financial instruments, and view bank data, reconcile account statements and reports.

Because operational performance is critical to all government sectors, FUNDamentals 2008 can help track the complexities of multiple revenue sources. This software will help you meet the ever-increasing demands of the numerous regulatory compliance requirements so accountability and transparency are maintained.

FUNDamentals 2008 also provides support for Accounts Receivables/Sales Orders, Fixed Assets, Inventory Management, Production, Projects Accounting, and Business Intelligence & OLAP Integration. The encumbrance accounting feature enables you to record transactions at the commitment level and handles the complex end of year encumbrance process.

So contact us and allow us to show you why FUNDamentals 2008 is the accounting software of choice for government sectors, and why it’s right for your agency as well. Let us show you how we can go Above and Beyond for you.