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Orange County <br />Needs Assessment Project <br />APPENDIX D. DETAILED FUNCTIONALITY <br />Page 18 <br />General Ledger Overview. <br />The current general ledger application was created using technology available in the 1970's and <br />utilizes line item logic for driving the chart of accounts. This technology is not user friendly and <br />is limited in its potential for future enhancements. The primary needs of this system aze efficient <br />daily, monthly and annual processing, ease of user access, and seamless integration with other <br />financial applications. <br /> <br />1 General Ledger System is fully integrated with the following <br />unctional modules: Inter nal Prior ities <br />2 With Accounts Payable K <br />3 With Payroll X <br />4 With Purchasing X <br />5 With Fixed Assets X <br />6 With Budgeting K <br />7 Is self-balancing X <br />$ ccommodates fund group "divisions" X <br />9 ccommodates fund type X <br />10 Capability to establish and maintain general ledger account <br />information. <br />11 Including Department Number. X <br />12 Including Account Number. X <br />13 Including Account Type -Asset. X <br />14 Including Account Type -Liability. X <br />15 Including Account Type -Revenue: X <br />16 Including Account Type -Expenditure "expense". K <br />17 Including Account Description for each Segment of the <br />ccount Number Format. X <br />18 Including Account Type Code. X <br />19 Including Fund Group Code. X <br />20 Including DebitlCredit Indicator. X <br />21 Including Last Transaction .Date. X <br />22 Including .Previous Five (5) Years Approved Budget for <br />Revenue/Expenditure Accounts. X <br />23 Including Month-to-Date Transaction Totals. X <br />24 Including Year-to-Date Transaction Totals. X <br />25 apability to deactivate accounts from further posting without <br />elating the general ledger account: - X <br />26 Capability to support end-of-year processing to clear <br />ppropriate revenue and expenditure accounts. X <br />27 Capability to identify non-lapsing revenue/expenditure accounts <br />uring year-end processing. X <br />28 Capability to process subsequent month transactions prior to <br />losing the previous month. X <br />