General Ledger

The General Ledger module is a multi-facility, financial reporting system designed to accommodate all of the reporting needs of retirement communities, nursing homes, and other long-term care facilities. Due to extensive integration, most of the postings and journal entries are performed automatically, triggered by activity within the other modules of LifeCare Plus. This is a core module.

Key Features

• Provides complete interface with supporting accounting systems and appropriate modules throughout LifeCare Plus
• Allows for flexible, user-defined chart of accounts
• Produces financial statements in user-defined formats
• Maintains complete audit trail of all General Ledger activity
• Allows for standard journal entries, recurring journal entries, and/or reversing journal entries
• Automatic generation of recurring entries with either fixed or variable amounts
• Provides automatic allocation from one account to multiple accounts in a step-down fashion
• Ability to enter accruals with automatic reversal of the entry in the following period
• Provides budgeting capability for current and following year
• Budgets can be spread annually, monthly, weekly, daily or by individual months
• Following year's budget is automatically rolled into the current year at year end
• Ability to process in multiple accounting periods simultaneously
• Stores both current and prior year actual data, in addition to current and following year's budget
• Prints flexible financial statements using various criteria
• Variances are calculated in dollar amounts or percentages
• Prints financial records of a prior period
• Allows security-controlled prior period processing
• Provides for memo accounts for automatic statistical analyses for resident day costs, costs per meals served, revenue per employee, expenses per square foot, etc.
• Ability to define subsidiary accounts that should be grouped with a control account for financial reporting purposes
• Ability to define titles, headings, dating method, subtotal methods, etc. for financial statements
• Ability to enter journal entries affecting multiple accounting entities with inter-company payable and receivable entry
• Allows multiple facilities to have different fiscal years

When you're ready, contact us for a free demo to learn how the LifeCare family of products can address your organization's needs.