The General Ledger module works in tandem with other modules to maintain a complete philanthropic accounting system for nonprofit organizations. We have highlighted some of the features and benefits of this module below. For a more complete description of what the General Ledger module has to offer, please download our product sheet.

• User-definable Account Key: Conform the General Ledger to your organizational structure, established practices and reporting needs.
  
  
• User-definable Journal Keys: Categorize journal entries to create virtual subledgers (for example, gift journal or payable journal).
  
  
• Automatic Ledger Entry: Available both from subsidiary modules and by special fund-accounting utilities such as recurring entries, cash call, interfund transfers, and entries from journal history. Automate General Ledger transaction entry for speed, accuracy, and scalability of your operations. This integration is the key to the widespread acceptance of FIMS in the grant-making community.
  
  
• Asset Rebalancing System: Maintains your investment mix by automatically making journal entries to recalibrate asset balances to preset targets (e.g. 30% Large Cap, 30% Small Cap, 30% Bond, 10% Money Market). A global target can be set for all funds, or different targets for different fund categories, or individual targets by fund.
  
  
• Intelligent auto-fill for easy journal entry: Automatic offsets and carry-over of date, code, and description fields speed manual entries.
  
  
• Forced balancing of debits and credits by fund and period: Each financial unit (fund or project) has a fully balanced general ledger, and because the system requires balanced entries with that framework, errors are minimized and auditors are satisfied.
  
  
• Posting to past and future periods: Journal entries can impact any period, as determined by the apply date, so end-of-period and end-of-year procedures are greatly simplified.
  
  
• Departmental expense segment: Optional segment can be used to expand operational expense accounts into departmental subaccounts.

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