- Cash Reporting:
- - Automatic balancing of premium income
- - Automatic balancing of all cash journals
- - Automatic disbursement of premium refunds
- On-Line Account Support:
- - Automatic check writing
- - Multiple description general journal vouchers
- - Account inquiry and maintenance
- - Account scroll with current balance
- - General ledger account balance inquiry on-line for:
- * Year-to-date
- * Month-to-date
- * Accounting period
- - Monthly and annual budgeting capability
- General Ledger:
- - All modules fully integrated with the general ledger
- - User defined chart of accounts on-line
- - Multiple company support for all modules
- - Automatic balancing and reconciliation between general ledger, journals and sub-ledgers
- - Budget and projection figures maintained by the system
- - Automatic general ledger entries generated from policy administration, agency and claims
- - Automatic balancing of daily general ledger
- User Defined Financial Reporting:
- - Statutory and GAAP reporting
- - Trial Balance, Balance Sheet and Income Statement
- - Non-admitted asset analysis
- - General Ledger change analysis
- - Non-ledger asset analysis
- - Reconciliation of ledger assets
- - Income/Expense comparison reporting
- - Check reconciliation/outstanding check reporting
- Actuarial:
- - Policy Exhibit generated monthly providing all essential data for annual statement preparation:
- * Complete Policy Exhibit by plan and year of issue
- * Due, Deferred and Advance premiums
- * Reserves by plan, year, age, and state
- * Meets GAAP and IRS requirements
- * Claim and unearned premium reserves
- * Premiums collected by state, county, and/or municipality
- Check Writer:
- - Verifies that account numbers are valid and entries are in balance
- - Vendor name and address inserted automatically based on vendor number
- - All checks posted automatically to general ledger
- - Check printing options:
- * Individual
- * Group of checks
- * End of Day
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