General Ledger

Excalibur's powerful and comprehensive General Ledger module is a flexible accounting and reporting system with special emphasis placed on the requirements of the oil and gas industry. All financial transactions entered or created in other Excalibur systems automatically flow to the General Ledger. The General Ledger system contains extensive standard financial reports and also allows you to customize financial reports to your specific requirements.

Journal Voucher Data Entry Features

Duplication features to speed data entry
Unlimited detail transaction descriptions
Copy feature for automatic duplication of any current, historical or template journal voucher
Autoprompt feature for changing voucher detail line amounts only while leaving all other coding intact
Reversal feature for automatic reversal of any current or historical journal voucher
Accrual feature for automatically creating reversing journal vouchers in a user-specified accounting period
Recurring feature for automatically creating duplicate journal vouchers in any number of user-specified accounting periods
Journal voucher upload functionality from Excel template

Internal and Accounting Controls

Flexible chart of accounts structure to accommodate company preferences
Balanced journal entries are required (one-sided or out-of-balance entries are not permitted)
Automatic generation of intercompany payable and receivable entries
Journal voucher review/approval required, at your option, prior to creation of transactions
Multiple accounting periods open simultaneously at an entity and system-specific level
Simplified automatic year-end closing of P&L accounts
Bank account reconciliation for outstanding checks and deposits
Automatic entry cutback from partnerships or subsidiaries books to parents or partners books
Automatic company vehicle mileage allocation to AFEs, properties, leases or cost centers based on PMTA mileage rates

Reporting

Extensive standard financial reports, including trial balances, general ledger activity, and comparative general ledger and financial reports
Extensive user-formatted financial reports including balance sheet, statement of earnings (P&L), statement of cash flows, and comparative financial statements and reports
Direct integration with desktop PC reporting tools (such as Excel) for customized reporting without having to rekey or download data from the system
User-defined groupings of accounts for spreadsheet and user-formatted financial reports
Multiple company reporting including consolidations
Detail transaction reports with all relevant source document information
Extensive online inquiries including general ledger balances, general ledger detail and drill-down from balance to underlying detail transactions
Audit lead schedules
Online history information available for prior periods