Financial Accounting System is a suite of Windows© based
accounting applications designed to effectively manage banks and credit unions.
Softbyte General Ledger Module
The Softbyte General Ledger module enables banks, thrifts, and credit unions
to achieve the maximum positive bottom line impact to profitability, by delivering
up-to the-minute earnings data, increasing executive productivity, and automating
routine clerical functions.
Softbyte General Ledger is composed of four integrated functions:
• General Ledger Automation Budgeting,
• Planning and Forecasting
• Responsibility Center Control and Profit Center Allocation
• Core System GL Transaction Interface.
Softbyte Investment System Module
The Softbyte Investment System IMPACT, Investment Management and Portfolio Accounting
System, combines easy transaction entry, daily updating, and automated month end
processing with extensive reporting to provide the information management needs.
Softbyte IMPACT Investments Accounting can take on your investment portfolio and
ease the investment officer's management of earning assets by providing up-to-the-minute
portfolio yield and status information. It is easy to operate, reliable, economical,
and uses current Windows© network, and workstation technology.
Softbyte Fixed Assets Module
Softbyte Fixed Assets is a comprehensive record keeping and asset control system
than can run stand-alone or interface with other systems to eliminate redundant
entry. It supports book and tax basis record keeping, maintains on-line transaction
histories for each fixed asset item, supplies complete transaction and file maintenance
audit trails, incorporates operator-oriented entry routines, and adapts to the institution's
unique accounting cycle. Depreciation methods provided include straight-line, declining
balance, double declining balance, 150% declining balance, sum-of-the-years digits
Softbyte Accounts Payable Module
Softbyte Accounts Payable is a state of the art bookkeeping system that furnishes
flexible invoice vouchering routines, solid cash management tools, computerized
check writing, automated ACH entry generation, and 1099 reporting and tracking tools.
Softbyte Accounts Payable provides a number of benefits including streamlined bill
paying, duplicate invoice alerts, cash utilization management, and extensive reporting
Softbyte Accrued & Prepaid Module
Softbyte Accrued Items organizes accrued expense, prepaid expense, and deferred
income items into user defined portfolios. It supplies complete transaction and
file maintenance audit trails, incorporates operator-oriented entry routines for
item set up and inquiry, and adapts to the institution's unique accounting cycle.
Softbyte Accrued Items provides a number of benefits including immediate access
to current accrued, prepaid, and deferred item valuations, improved control through
extensive reporting, and increased productivity through automation.