ARMnet Functionality

General Ledger

ARMnet does not have its own General Ledger. A range of existing interfaces to popular General Ledgers is available. If required a specific interface can be built. This will allow the financial transactions to be configured to automatically update the appropriate external GL and GL accounts in real time or in batch. The transactions can be configured so that the end user need have no knowledge of accounting and double book keeping.

ARMnet caters for multiple companies and each company can have a separate chart of accounts and GL. Financial transactions can be generic e.g. they can be a single transaction to cater for a loan advance but this transaction can check which lender is funding the loan and update the GL associated with that lender

Transactions can also be split across multiple GLs.