The i-POWER® Accounting Suite is fully integrated into the core system and offers credit unions a solid accounting platform including General Ledger, Fixed Assets, Accounts Payable, Official Check Reconciliation, Budgeting and Recurring Entries without the additional cost of a third party application.

General Ledger

• Credit union defined separation and consolidation of general ledger data
  
• Easy to establish new general ledger accounts
  
• GL account classification parameters for new account opening
  
• Two accounting periods open at the same time
  
• On demand financial statements in pdf or Excel format with credit union defined sub-totals and ability to archive
  
• Easy to establish and change GL financial statement parameters online
  
• Credit union defined general ledger transaction templates allow for virtually unlimited debits and credits
  
• Memo Post feature displays GL entries on History and On Demand reports prior to overnight posting/reconciliation process
  
• Enhanced history to search by date, entry amount, account ranges and comparison of net activity this year by month to last year by month
  

Recurring Journal Entries

• Supports both fixed payment  schedule and payment schedule automated entries
  

Fixed Assets

• Easy set up of fixed assets include calculation of entry amounts for automated posting on selected schedule
  
• Support straight line depreciation with full and partial disposal  functions
  
• On-demand reports include:
  
  • Schedule of Fixed Assets for assets both Currently Being Depreciated and those Fully Depreciated
    
  • Disposed Assets for Current Year and for Prior Year
    
  • Fixed Assets by Asset Type and by Disposal Method
    

Accounts Payable

• Easy to set up and track Vendors including vendor transaction history and invoices due by vendor.
  
• Option to create system generated 1099’s by Vendor.
  
• Integrated with i-POWER® core check reconciliation system.
  
• Pre-defined invoice templates and view invoices due by due date.
  

Budgeting

• Create new budget based upon Zero Budget, Last Year’s Budget, Current Year Budget, Monthly Net Activity Current Year or Monthly Net Activity Prior Year and apply percentage increase or decrease.
  
• Statement of Income and Expense and Statement of Financial Condition with Budget Comparisons.