| AMB™ offers a tremendous level of financial reporting that comes standard with the product. Multiple versions of the Trial Balance and General Ledger reports are available right out of the box. User definable Balance Sheet, Income Statements and Statement of Changes are also provided.
Two methods of grouping accounts for financial presentation are provided. The first is called the “FSGroup” method, where user defined “Financial Statement Groups,” such as “Cash, Accounts Receivable, Prepaid Expenses” are assigned to the various accounts in the chart of accounts. Each account is also categorized as an Asset, Liability, Capital, Income or Expense. Using these categories along with the Financial Statement Groups, users can quickly and easily generate very presentable financial reports.
These “Financial Statement Groups” serve as the top layer in the system's built in “Drill down” capability which allows the user to start with a Balance Sheet or Income Statement line item and “Drill down” to the individual transactions affecting the accounts comprising that line item.
The second approach is to use AMB's “Script Based Financials” module. This module allows the user greater flexibility in defining each row of the report and allows a virtually unlimited level of subtotaling. In addition, once generated, an individual “Script” can be copied and modified to meet a specific reporting need. You can have as many iterations of a report as you like.
Working Trial Balance – Presents the account balance for each general ledger account within the system, as of any date. Several iterations of this report are available.
Balance Sheet – Can be printed for any date. Both Summary and Detail versions of the report are provided.
Income Statements – Several Income Statement formats are provided with the product. These statements can be run for any period, even prior years which have been closed. The ability to print over a “Rolling” twelve months has been ideal for reviewing trends.
General Ledger – AMB's General Ledger report is second to none! In detail mode, you not only see each transaction occurring on an account within the period specified but you also see the check number that paid each invoice. This has made the report an invaluable audit tool. The information you need is right there.
Statement of Changes – Available on version 6.0, presents the changes that occurred over any number of months selected by the user. Which accounts comprise each line of the report is defined by the user using the product's “Script Based Financials” module.
Numerous “Transaction” reports are provided and each can be run at any time, even check registers. Reports of Cash Disbursements, Cash Receipts and Journal Entries can be run for any date or Number range requested by the user. Payable entries can be reported by vendor or date posted, or even date entered and by the specific user that entered the invoice.
AMB™ can even show what was payable at some prior date. The system's “Payables Reconciliation” provides a complete reconciliation of the Accounts Payable account(s). This report has been an essential in allowing users to enter transactions to a period before the prior period has been closed.
1099's, a must for many companies, can be easily generated at any time. Because they're based on disbursement transactions for a given year, you can enter checks for the new year without disturbing the system's ability to produce the 1099s for the prior year.
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