CAIS Legacy: Financial Accounting Module

• Utilizes a flexible and customizable account structure to support fund accounting.
• Flexible enough to meet demanding accounts payable needs - each invoice can be split into ten payments to ten expense accounts using ten bank accounts.
• Cash flow uses 30-day cash projections for both online lookups and reports.
• Simple online check reconciliation process allows checks to be entered individually, in ranges, or with wildcard selections.
• Support for producing 1099-Misc for vendors.
• Receipts can be posted on-line or batch. Receipt forms can be printed immediately by the cashier, or printed in a group for payments received through the mail.
• AR/AP statements can be produced online or in batch. Detailed information can be collapsed into a balance forward to limit the amount of information produced.
• AR/AP aging reports show accounts in aged timeframes that you define (for example 1-30, 30-60, 60-90 and 90+ days past due).
• Student billing is driven by online rules which you define for tuition, room, board, insurance, and other fees, Estimated student bills can be run online or in batch. Support is available for non-traditional programs. Student billing information is automatically posted to the general ledger, ensuring GL and AR subsidiary accounts remain in balance.
• Each account can have up to four budget officers who are responsible for the activity in that account. Budget officers can be given online lookup access. They can also receive detail or summary reports each month.
• Budget and Analysis reports assist the controller in setting up the budget for the next fiscal year.
• Figures from the current year can be copied to the new fiscal year with a percentage adjustment applied. Budget figures can be downloaded for modification in a spreadsheet and later uploaded. Budget reports can be time-phased to allow for cyclic cash flows.
• Information can be transferred from the Registrar, Admissions, Financial Aid, and Mailing & Fund Raising files. Lookups into these modules are also available.
• Financial Statement generator provides a very flexible and powerful tool to produce many government, board, or internal financial statements.
• Many detail, summary, and comparison reports are available. Reports are ordered when needed by the client and can be based on whatever selection criteria is specified.