iTCCS Finance provides an automated method of maintaining the financial records of school districts and assisting districts in controlling district monies in accordance with FARG guidelines. From daily transactions, to ending accounting periods, to closing out a calendar or fiscal year, the Finance application provides the user with the necessary functions.
Basic functions such as encumbering and liquidating purchase orders, posting cash receipts, making journal entries, and monitoring account balances are available.The user can record checks produced manually or print checks using the application.Many financial reports are available, as well as printing on customized forms such as check stock and 1099s.
The Finance application incorporates the many state and federal regulations which apply to financial accounting while allowing each district the flexibility to implement various operational philosophies and methodologies.
Finance Features
Ability to amend current year budget but not post to general ledger until board approval
Ability to group funds by bank account
Ability to inactivate a vendor
Ability to inactivate an account code
Ability to post credit memos that are automatically handled in check processing
Accrued payables
Auto generation of liability accounts (614X) when new salary account (611X or 612X) is created
Auto interface of budget to general ledger
Auto number assignment for vendors
Auto voiding of checks
Bank reconciliation by bank account
Computer and in-house check capability
Inquiry capability for vendor/PO information and check payments
Interface between Finance and Requisition
Mass account code change capability
Mass reversal/delete of POs and credit memos
Multiple accounting periods open for posting
Multiple files for different years of transactions
Option to force journal entries to be balanced within funds
Partial and full payments - PO and PA check processing
Security access for budget only or actual only journal entries
