An Overview of the Financer Specialty

Chart of Accounts and Sub Accounts

The ONE MASTER's Financier specialty includes a default Chart of Accounts associated with your overseer business and individual assignment consistent with standard accounts matching the IRS form line items (income or deduction factor).  Ask the Financier for a tentative tax form at any time of year to assist you with  tax strategies.  Associate these accounts with one or more sub accounts that can be dynamically linked to the Overseer company or person information.

Asset Management

The Financier allows you to track accounting information regarding your assets.  Key to the reporting features offered is linking the asset to your assigned associated revenue and expense accounts.  Then simply select the reports from the asset menu for a view of all your asset's journal activity.

Journal Transactions

The Financier features a transaction list which can be sorted and searched  by chart, account, sub account, amount, date, date entered, etc.  Built in flexibility allows for multiple amounts, payment methods, check or credit card numbers within one transaction.  Additional postings to journals are automated when applicable.  Also provided is a receipt link with information, including recording location through the Manager's office files.

Check Register

Use a check register which features all pertinent sorting and searching options.  As checks are printed, corresponding journal entries are automatically input by your account assignments, if desired.

Payroll System

The Financier's payroll system allows selection of payroll periods and member deductions.  Federal and state tax deductions are calculated using the percentage method.  Updates to these will be provided for by MIS. New schedules for your period selections are automatically inserted as needed.  The payroll register keeps record of all deductions from salaries calculated for any payroll period selection.  Payroll transactions are also automatically entered into the payroll journal.  Reports parallel in formatting (line totals) to the monthly and quarterly federal and state tax total reports are prepared for you.

Expense Receipts

The Financier makes it easy to enter expense receipts using a list screen similar to the transactions.  Click on a receipt item and you access details.  These can be edited or new ones can be copied from the current list selection (with account and payment details defaulting).  A sub screen allows you to sub total receipt detail items. You can post to the journals groupings of receipts by account as well as by date.

General Ledger, Journals and Reports

Journal transactions keep your general current.  Additional monthly and annual closing processes are provided for.  Account histories are always available for view.  All standard accounting reports include an Income Statement Summary and Detail, a Balance Sheet, Account Statements, Journal Reports, Payroll reports, Expense reports, the General Ledger and the Account Matching IRS Summary Report.