RealSpur System works with both Cash and Accruals accounting methodologies, with the user able to specify the methodology on a product-by-product basis. The system comes with a customizable General Ledger, enabling users to set up new GL accounts and carry out manual journal entries. The system also provides your core financial reports including a daily trial balance, income statement, cash flow statement, provisioning report and balance sheet.
All journals related to portfolio management, such as bill creation, bill payments, rent write offs etc. will be managed by the system automatically and can be reviewed using the accounting module.
8.1 Close Periods
Close periods can be defined by the user, enabling you to block transactions or entries from dates in the past.