Name: USL Financials Accounting
Price: 5000 USD
Author: USL Financials

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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.

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USL Financials Accounting

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

USL Financials

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Standard reports

The software offers pre-built reports with metrics standard to the category.

Custom reports

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

USL Financials Accounting

Overview

What is USL Financials Accounting?