Light4

Light4, developed by CCAS, is an accounting solution designed to meet the needs of businesses of varying sizes. According to the vendor, Light4 offers a range of features and functionalities tailored for government contractors, not-for-profit organizations, and general businesses. The software supports Windows, Mac, and iOS platforms, providing flexibility for users. Whether it's managing financial accounting, capturing electronic timekeeping and expense reporting, or tracking project costs, Light4 aims to streamline accounting processes.

Key Features

Financial Accounting Overview: According to the vendor, Light4 utilizes CCAS's proprietary "Cycle" approach to accounting operations. It offers customizable financial statements, flexible account naming, and real-time account histories and analyses.

Capture Electronic Timekeeping and Expense Reporting Overview: Light4 includes a web-based electronic time and expense tracking system. Users can enter, validate, and approve employee time and expense charges. The software also offers features like automatic timesheet completion reminders and real-time labor utilization analyses.

Project Cost Accounting Overview: Light4 supports government contract and non-government project accounting. It enables automated billings, indirect cost rates calculations, DCAA Incurred Cost Submissions, contract budget reporting, and comprehensive government contracts management reports.

General System Features Overview: Light4 provides user-configurable security options, in-line error-checking and data validation, built-in transaction repair and data file recovery features, extensive data exporting and importing capabilities, and compatibility with Windows and Mac operating systems.

Accounts Receivable and Accounts Payable: Light4 offers features for full customer and project invoicing, vendor invoice payment processing, and purchase orders processing with receiving reporting to Accounts Payable.

Standard and Repeating Entries: According to the vendor, Light4 fully supports standard and repeating entries, simplifying the management of recurring financial transactions.

Complete Payroll Accounting and Processing: Light4 includes comprehensive payroll accounting and processing features, supporting all pay types and "uncompensated overtime" options.

Fixed Assets Management: Light4 offers fixed assets management with financial and tax depreciation, including reporting by asset type and location.

User-Configurable Security: Light4 allows users to configure security settings, providing control over employee access to different functions and "Cycles".

Extensive Data Exporting and Importing Capabilities: According to the vendor, Light4 provides extensive capabilities for exporting and importing data, allowing for seamless integration with other systems and easy data sharing.