RSCCC Finance provides an automated
method of maintaining the financial records of school
districts and assisting districts in controlling district
monies in accordance with FARG guidelines. From daily
transactions, to ending accounting periods, to closing
out a calendar or fiscal year, the Finance application
provides the user with the necessary functions.
Basic functions such as accrued payables, encumbering
and liquidating purchase orders, posting cash receipts,
making journal entries, and monitoring account balances
are available. The user can record checks produced manually
or print checks using the application. Many financial
reports are available, as well as printing on customized
forms such as check stock and 1099s. The application
also provides a Positive Pay Export feature which can
be used in conjunction with your bank to inhibit unauthorized
checks from affecting your checking accounts.
The advantages to RSCCC Finance are that the screens
within the application follow point-and-click Windows
standards and make it easy for the user to enter the
exact data required to establish table data, maintain
system data, post transactions, reverse transactions,
change transaction data, and conduct inquiries.
The Finance application incorporates the many state
and federal regulations which apply to financial accounting
while allowing each district the flexibility to implement
various operational philosophies and methodologies.
Finance Features:
- Ability to copy funds to historical
file at year-end
- Ability to "inactivate" an account
on the general ledger
- Ability to preview and reprint
checks
- Archiving of multiple years of general ledger
accounts and transactions
- Automatic assignment of vendor
and/or cash receipt numbers
- Bank reconciliation that
extracts cash receipts and check transactions
- Generation
of a 1099 Work File for 1099 processing and customization
of 1099 forms
- Inquiries for PO transactions by vendor
and check transactions by vendor
- Option to automatically
generate benefit accounts with creation of salary account
- System-forced balanced journal entries
- User-defined
bank account groups, cash objects, and investment objects
- Validation of total debits and credits by fund on
journal entry screen
Finance Reports Journals/Checks/Detail Ledger Reports:
- Accounts
Payable Listing
- Capital Outlay Expenditure
- Cash Receipts
Journal
- Check Payments List
- Check Register
- Detail
Budget Status
- Encumbrance Journal
- Expenditure and
Liquidation Journal
- General Journal
- General Ledger
- YTD Check Payments List
- YTD Check Register
Vendor/Purchase Order Reports:
- Aged Purchase
Orders
- Outstanding Credit Memo Listing
- Outstanding
Purchase Orders
- Purchase Order History
- Vendor Labels
- Vendor List
- Vendor W9 Reference Listing
- 1099 Report
and 1099-Misc Form
Summary/Miscellaneous Reports:
- Board
- Budget
Status Summaries by Organization and Program Intent
- Cash Position by Bank Account
- Chart of Accounts
- Report by Sub-Object within Organization
- Revenue
and Expenditure Worksheet
- Summary General Ledger
- Trial Balance and Working Trial Balance
Current Year Amendment and Amended Budget Reports |
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