Financial Management Software Solutions
LGC’s General Ledger software is the central hub for LGC’s Financial Management system. It is completely integrated with Purchasing, Payroll, and Fixed Assets. LGC’s revenue collection software is also integrated with General Ledger. Automatic entries are made from all these systems directly into General Ledger, allowing for real-time updates of financial information.
LGC’s Purchasing software simplifies the process of maintaining vendor lists, tracking and paying invoices, printing accounts payable checks and distributing payable expenses. It is designed to provide all the tools necessary to create, issue, track, and manage requisitions and purchase orders. It integrates with LGC’s General Ledger, Purchasing, and Document Management systems.
LGC’s Payroll software is a comprehensive system designed to manage all aspects of the payroll process. It tracks employee information including demographics, salary and W-4 information, deductions, leave, and pay history. Timesheets can be created by employee or pay type and it allows for multiple pay frequencies. It offers seamless integration to General Ledger allowing for a true bank reconciliation process. The system produces required reports such as quarterly federal and state tax reports, deduction reports, and yearly W-2 reporting. It is fully integrated with Backpack, LGC’s Online HR Portal.
LGC’s Fixed Assets software is designed to simplify the process of accounting and depreciation for a wide range of assets including land, buildings, office equipment, vehicles, heavy equipment, construction materials, etc. The program tracks assets by fund, department, category, class, location, and custodian.