USL Financials Accounting

USL Financials Accounting is a fully-integrated, comprehensive fund accounting system designed to provide financial management features for not-for-profit organizations and government agencies. According to the vendor, this solution is targeted towards state and local government agencies, not-for-profit organizations, educational institutions, and research institutions. It caters to the accounting needs of various professions and industries including government agencies, non-profit organizations, educational institutions, and research institutions.

Key Features

Full Integration: According to the vendor, USL Financials Accounting offers a fully-integrated, all-in-one fund accounting system, eliminating the need for manual data entry or data transfer between separate systems.

Automatic Balancing: The system can automatically balance inter-fund transactions, aiming to ensure accurate accounting and reduce the need for manual adjustments.

Flexible Chart of Accounts: According to the vendor, users have the flexibility to customize the Chart of Accounts with up to 32 alphanumeric characters, allowing for detailed categorization of financial transactions based on their specific requirements.

Multi-Entity and Multi-Year Support: The application supports multiple fiscal entities with multiple fiscal years, enabling organizations to manage and report on their financial activities separately for each entity and fiscal year, as stated by the vendor.

Timely and Accurate Reporting: Users can generate financial reports in a timely and accurate manner for specific periods, fiscal years, or customized date ranges, aiming to facilitate decision-making and reporting, according to the vendor.

Funds, Grants, and Projects Tracking: The system can track multiple funds, grants, and projects, aiming to enable effective financial management and monitoring of different funding sources and projects, as claimed by the vendor.

Simplified Allocations and Distributions: According to the vendor, the application simplifies the process of allocating and distributing funds across different accounts, funds, grants, and projects based on predefined criteria.

Multi-Fiscal Year Management: Users can work with multiple open fiscal years and periods simultaneously, aiming to facilitate accurate reporting and budgeting processes, as stated by the vendor.

Cross-Fiscal Year Reporting: The system supports cross-fiscal year reporting for grants or any account segment, providing comprehensive financial information for grant reporting and analysis, according to the vendor.

Data Consolidation: Organizations can consolidate financial information from multiple databases, platforms, and servers, aiming to enable comprehensive financial analysis and reporting, as claimed by the vendor.