Central to all the modules is the Nominal Ledger, this is the hub of your accounting system and is fully integrated with all other modules. Every sales or purchase transaction, stock receipt, price adjustment, all the way to payroll information all feeds in to the TASKMASTER Nominal Ledger via customised automated transaction update routines.
The structure of the TASKMASTER Nominal Ledger can be as complex or as simple as you require, allowing for multi company, multi cost centres and departments. As well as being updated automatically by all other ledgers, the Nominal Ledger is also a powerful tool for:
- Direct Bank Payments & receipts
- Recurring journals
- Reverse journals
- Prepayments & Accruals
- Budget setting & comparison
The TASKMASTER Nominal Ledger can provide a wealth of financial information from the standard Summary & Detailed Trial Balance reports to customised Management Accounts, Analysis reports, Balance Sheet & Profit & Loss reports.