Accounting
Forwardpass includes an enterprise-capable accounting system with modules for accounts receivable, accounts payable and general ledger.
The system is customer centric with an interface that is different from most accounting systems. The results of queries are used not only for navigation through the system but also to generate reports, bulk mailings, mailing labels, statements for customers with outstanding accounts, payment coupons, and export files.
Accounting Features
Accounts Receivable- Assessments
- Automated assessments and special assessments
- Automated processing fees
- Credit card payments are automatically applied to accounts
- Prepayment credits automatically applied against assessments
- Automated and customizable email notices for overdue balances
- Batches
- All payments are placed into a batch
- Batch reports break down payments by payment method
- Payments can be moved from one batch to another
- Rules to automatically close batches for different reasons
- Summary reports of batches
- Web payments are automatically placed in a separate daily batch
- Credit memos and account credits
- Customer account maintenance
- Customer aging
- Customer logs
- Deposit Slips
- Finance charges
- Disable finance charges for customers in collections are bankruptcy
- Exempt specified customers from finance charges entirely
- Percentage or flat rate
- Separate finance charges for overdue property and non-property charges
- Flexible transaction searches
- Integrated credit card processing
- Invoices and statement charges
- Items
- One step NSF and Credit Card Refunds
- Sales wizards
- Statements
- Bar codes
- Customer messages based on age of account
- Exclude statements by minimum balance
- Filter by class and charges that are property-related only
- Merge customized letters into the statement run
- Messages
- Optional billing statement that doesn’t include previous balance
- Transaction Reports
Accounts Payable
- Bill, Manual Check, and Purchase Order Approval System
- Bill payment wizard
- Check batches
- Flexible transaction searches
- Purchase Orders
- Vendor account maintenance
- Vendor aging
- Vendor logs
General Ledger
- Bank reconciliation wizard
- Class tracking
- Closing date to lock out changes prior to specified date
- Financial statements
- Real time production of financial reports
- Statements can be produced for any retroactive dates
- List of financial statements:
- Account Activity
- Account Activity per Class
- Account Balances
- Account Balances per Class
- Balance Sheet
- Balance Sheet by Fund
- Budget Comparison
- Budget Overview
- Budget Variances
- Budget Variances including Year to Date
- Cash Flow Statement
- Cash Report
- Chart, Account
- Chart, Account Type
- Chart, Budget Comparison
- Chart, Budget Variances
- Chart, Income & Expense
- Check Detail
- Deposits
- Deposits not yet Reconciled
- Disbursements
- Disbursements not yet Reconciled
- General Ledger
- Income & Expense
- Income & Expense by Fund
- Trial Balance
- Trial Balance per Class
- Fixed asset tracking
- Fund accounting
- Balance sheet by fund
- Automatic due-to due-from entries
- Multilevel budgets
- No monthly closings
- Reversing journal entries