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FUNDamentals 2008 Overview

FUNDamentals 2008 is a fund-based accounting system that tracks restriction-based transactions in compliance with the rules that a multitude of institutions and organizations require. 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. In addition, grants can be tracked using the project/grant module.

The General Ledger has numerous features that will assist both small and large businesses alike. The expandable, multi-dimensional ledger comes standard with a user definable chart of accounts. It features a restriction-centric general ledger with object and sub-object classification.

The encumbrance accounting feature enables you to record transactions at the commitment level and handles the complex end of year encumbrance process.

FUNDamentals 2008 fund integrity management feature ensures a fund is always balancing, and gives you strong audit trails to support those pesky audits. And automatic re-allocation/classification of transactions between accounts means less labor-intense data entry for your employees.

Because accountability and transparency are critical to enterprises in all industries, FUNDamentals 2008 comes with automatic inter-fund postings, as well as standard GASB and FASB compliance reporting. It allows reverse journal entries, and the choice to work with a cash-based or accrual-based system of accounting and reporting.

But FUNDamentals 2008 goes beyond that. It features a wide array of applications that can make your accounting more accurate and efficient. Accounts Payable/Purchase Orders let you generate account statements and gives you multiple checking accounts with built-in check writing capabilities.

Our Bank Management with Reconciliation Functionality lets multiple fund accounts be applied to one bank account, and you can manage company bank accounts and the associated financial instruments that go with them. You’ll also be able to view bank data, and reconcile account statements and print reports

When it comes to Accounts Receivables and Sales Orders, FUNDamentals 2008 gives you integrated invoicing and invoice generation, lets you group customers for centralized invoicing, and gives you revenue accounting with full cash receipts functionality across multiple invoices.

Projects Accounting becomes much more manageable with FUNDamentals 2008. You can set up projects, estimate costs, generate quotes, and track the progress of all projects, as well as include calculations for time and materials, investment, fixed price, time, and cost.

This is just a brief overview of FUNDamentals 2008 fund accounting software. Contact us today, and let us show you why Metaphor Software’s FUNDamentals 2008 is the ideal accounting solution your business needs. Let us go Above and Beyond for you.