Summit’s General Ledger module is designed to help evaluate, budget, and control the financial transactions that affect your city’s financial position. Useful, timely and reliable information assists in making sound financial decisions. Internal control over the use of resources provides assurance that funds are spent according to policies and regulations.
The General Ledger’s free formatted chart of accounts allows your city to choose the account group elements you want to sort and subtotal on financial reports. Customized reports show the information important to your financial decisions.
The General Ledger’s powerful budgeting tools help to accurately identify spending priorities. Multiple budget calculation tools help efficiently calculate your budget without having to import and export data to spreadsheets. Extensive budget notes communicate specific revenue sources and needs for expenditures.
Reports help monitor budgets at user defined budget categories (e.g. Fund, Department, Function, Expense Category or Line item) to identify when expenses are exceeding expected levels. Summit warns when purchases cause an over budget condition at your user defined categories allowing you to take corrective action.
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