No date constraints
No need to declare the period of
time to cover when you create a new file. More than one financial
year can reside in a datafile. You split your data between the
old and the new financial years when it suits you.
STEWARDSHIP uses the concept of
dissections which are more flexible than sub-accounts
In the example above dissections have been
created for each motor vehicle and petrol, leasing or depreciation, etc...
can be traced for each car.
Automatic double entries
for petty cash, cheque accounts,
credit cards and journal
Batch of single entries
split a cheque payment into
several accounts or sketch an entire balance sheet in one go
Create new accounts and
dissections; check account balances and attributes on the fly
while you are posting entries to the ledger.
Cash flow forecast
Recurring transactions can be used by Stewardship
to map into the future your cash requirements. The starting balance will
be the total of your current assets and liabilities. As each outgoing and
incoming monies are encountered the graph is being built for you. This
can be displayed as a standard report also.
If you are running the books of 2 or more
related entities you may save yourself some typing by using linked transactions.
Whenever you are posting to an account
which has a recipient and a subject defined, a transaction is being dispatched
to that recipient set of accounts (another Stewardship file).
Whenever you open a Stewardship file you
are being prompted with any recurring transaction which has fallen due;
as well as any linked transaction which is being sent to you by another
Stewardship file. This method is also used by Salesmanship
(Debtors, Creditors) and Leadership (Payroll) to update your general ledger.
Source & Application of Funds
This reports shows who finances what. Between
two points in time (last year figures and year to date figures) the movement
of funds is being analysed. This gives a link between successive balance
Sources of funds are increases in liabilities
and decreases in assets while application of funds are the opposite.