Sample General Ledger Questions in The Accounting Library General Ledger Software Selection Tool

This exhibit displays all of the questions asked in General Ledger, specifically those relating to the Chart of Accounts. As in the previous exhibit, the Enterprise Edition analyzes all of these questions, while the Standard Edition does not, and you can see from this exhibit the difference.

The Accounting Library

Sample Questions

Standard Edition vs. Enterprise Edition

General Ledger / Chart of Accounts	STD	C/S
Industry Specific Chart of Accounts
User Defined Segment Lengths
Delete Segment Not Required	No
Copy Range of Accounts to New Reporting Unit
User Defined Account Ranges
Copy Chart of Accounts to New:
Department
Profit Center
Company
G/L Account Code Supports:
Active Accounts
Inactive Accounts
Allocation Accounts
Accrual Accounts
Inter-Company Accounts
Event/Project Costing Accounts
Statistical Accounts
Supports Budget Groups	No

General Ledger / Chart of Accounts
Define Separately Major Structures for:	STD	C/S
Divisions
Departments
Operating Units
Regions	No
Profit Centers	No
Cost Centers	No
Budget Groups	No
Projects	No
Activities	No

Define Valid Accounts for Reporting Units:
Define Table of Valid Accounts	No
Delete/Add Accounts Automatically	No
Copy Table to New Reporting Unit	No
Define Major Structures Using Tree Diagram	No
Define Reporting System Using Tree Diagram

General Ledger / Chart of Accounts
Consolidate/Split Reporting Units:	STD	C/S
Consolidate Reporting Units	No
Split Reporting Units	No
Manual Only Through Journal Entries	No
Automatic as New Structure Defined	No
Maintains Full Audit Trail and Validity Check	No
Allocation Account Processing:
Single Allocation
Waterfall to Other Allocation Accounts
Percentage Allocation
Dollar Allocation
Supports User Defined Formulas	No
Forces Zero Ending Balance
Allocation Formulas Based Upon:
G/L Financial Accounts
Statistical Accounts
Budget Accounts	No
Sub-Ledger Totals	No
Sub-Ledger Field Values	No
Beginning Account Balances	No
Ending Account Balances	No
Average Account Balances	No
Net Account Balance Change	No
Values Imported From Third Party Applications
User Defined Constants	No
Step Threshold Values	No
Complex Multiple Factor User Defined Formulas	No

General Ledger / Chart of Accounts
Supports Amortization Tracking Routine:	STD	C/S
Maintains Separate Files for Each Item
Print Multi-Column Summary for Current Year	No
Print Tables of Expenses for Each Item
Post Expenses Automatically Each Period
Supports Prepaid Expense Tracking Routine:
Maintains Separate Files for Each Item
Print Multi-Column Summary for Current Year	No
Print Tables of Expenses for Each Item
Post Expenses Automatically Each Period
Supports Multiple Account Levels
Segregate Subsidiary Schedules

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Sample General Ledger Questions in The Accounting Library General Ledger Software Selection Tool