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The Data Design
Project Accounting system provides the capabilities
needed to assist companies in managing their capital
projects.
Project Accounting
system tracks expenditures made during the span of a
project. Upon completion of the project the system
translates the capital expenditures into capital assets.
The system is
designed to meet the diverse requirements of many
industries and to respond quickly to the changing needs
of companies. Emphasis has been placed on making it easy
to implement, add new companies, add and change reports
and make organizational changes.
System Features
The Data Design
Project Accounting system provides the capabilities
needed to assist companies in managing their projects.
The Project Accounting system tracks the progress of
projects to ensure that budgeted funds are being spent
properly. Upon completion of the project, the system can
translate the capital expenditures into capital assets.
Automated System Inputs
The Data Design
Accounts Payable system can capture the detail
commitments and expenditures and automatically generate
inputs.
Automated Asset Set Up
The system can
automatically translate the capital detail expenditures
into transactions that will set up or change capital
assets in the Data Design Fixed Asset system.
Commitment Control Module
The system can
produce a Project Control file that the Data Design
Accounts Payable system can use to monitor commitments
and expenditures against the amounts authorized and/or
budgeted for the project.
Stand
Alone System
The system has
been designed to be used as an individual system or with
the Data Design Accounts Payable, Fixed Asset and/or
General Ledger systems.
Batch
and Online
The system has
been designed specifically to work efficiently in either
batch or online environment.
Accounting and Control Reports
A comprehensive
set of reports is offered to maintain a complete audit
trail of all data in the system and to monitor projects.
General
System Report Writer
A powerful
user-oriented report writer enables users to create
their own reports.
Entry
and Correction
The system has
been designed to minimize the amount of work required to
enter, correct and change information in the system.
Included are extensive input defaults with user-assigned
values, a single input port and an error recycle file.
Automated General Ledger Interface
The system can
automatically capture expenditure-related General Ledger
activity and generate transactions to post journal
entries in the Data Design General Ledger system.
Recalculation of Roll-Up Totals
The system
provides the ability to recalculate the roll-up counts
and totals at the company, project and work unit levels
from the detail commitment and expenditure records
residing on the current Project Accounting Master file.
Mass
Maintenance
The system
provides the ability to change a group of Project
Accounting Master records with a single Mass Maintenance
screen or a single set of Mass Maintenance transactions.
Capital/Expense Breakout
The system allows
the Project Authorization amount and the Work Unit
Budget amounts to be entered as a total amount or as a
Capital or Expense amount. The system will track all
Commitment and Expenditure amounts against Total and
Capital/Expense Amounts for Authorizations, Commitments,
Expenditures and Budget Amounts. |
