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Housing Authority, City of Milwaukee

The Housing Authority of the City of Milwaukee (HACM) manages more than 10,000 units of subsidized housing... Read More »

Hagerstown Housing Authority

The Hagerstown Housing Authority (HHA) manages more than 1,000 public housing dwelling units across ten communities... Read More »

VisualHOMES® Attains Prestigious Microsoft® Gold Partner Status

Microsoft® Gold Partner Status Globally Recognized Mark of Quality and Customer Commitment Read More »

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General Ledger & Budgets

VisualHOMES General Ledger and Budgets module gives you maximum control in managing all of your financial accounting transactions. You can easily setup and maintain your chart of accounts, generate financial statements and reports, and create journal entries and budgets. Our Fund Accounting features give you added flexibility, and automatic inter-fund balancing. You can even generate the HUD FDS report at the click of a button.

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Highlights

Multiple Companies

Ability to setup multiple Companies, each with its own Chart of Accounts and Security

Project-based

Supports Project-based Accounting and Management

Flexibility

Maximum flexibility for Chart of Accounts structure, allowing Account ID’s to be up to 30 alphanumeric characters in length, with up to 9 segments, including ability to easily define primary account-number segments, HUD account number, funds, departments, projects, divisions, etc.

HUD FDS

Easily generate the HUD FDS report at the click of a button

Fund Accounting

Fund Accounting features facilitate specific reporting needs of Public Housing Agencies and provides the tools necessary to provide a detailed accounting of funds furnished by sources which require special handling of those funds

Inter-fund

Option for automatic Inter-fund Balancing is provided

 

Other Features Include:

  • Unlimited number of Temporarily Restricted, Permanently Restricted and Unrestricted Funds can be setup
  • Ability to Redefine Account Segments at any time
  • Flexibility to define up to 52 periods per fiscal year, with options for defining weekly, monthly, quarterly or other fiscal periods, and also includes an extra Year-end Adjustment Period
  • Multiple sets of Budget data provides power to easily review Variances between Actual and Budgeted amounts
  • Budgets can be easily Imported from or Exported to MS Excel
  • Powerful Financial Reports Drill-down provides easy reconciliation and visibility by allowing drill-down from amounts in Income Statements and Balance Sheets to the General Ledger Listing with details of the account balance, drill-down further to view the source batch’s posting journal entries, and ultimately drill-down to a report showing the source transaction details, including the actual Purchase Order
  • Maximum flexibility in Financial Statement preparation allows Statements to be easily prepared for individual, combined or consolidated funds, departments, projects, divisions, etc.
  • Posting Period Restrictions feature provides the ability to easily cut off the transfer of data to any period in the General Ledger from specified modules, protecting the restricted period from further changes
  • Period Analysis capabilities allow viewing of each Account’s period-change amount and balance for each period selected, and to generate Graphs to illustrate the results of the Analysis
  • Account ID’s can be easily copied from an existing Account Segment to a new Segment, and can also be copied across Companies
  • Segment Account Descriptions are automatically copied to the Account Description, and can be overridden, permitting faster creation of new Accounts
  • Account ID’s and Balances can be easily exported to MS Excel and other text formats
  • Flexibility to keep all Periods of the Prior, Current and Following years open for posting Adjusting Entries
  • Journal Entries can be created from scratch or Imported electronically, existing Journal Entry Batches or Recurring Journal Entry Templates
  • Journal Entries can be edited before posting, as well as viewed, printed and voided after posting
  • Reversing Entries are generated automatically
  • Easy posting of Journal Entries to the desired Periods by just entering the transaction date
  • Transaction Search feature allows you to instantly find a Transaction with minimal information
  • Maintains unlimited years of Account balance history as well as Transaction History unless purged from the system during fiscal year-end closing
  • Consolidated Ledger (optional)
  • Powerful ability to quickly combine multiple Companies’ Account balances and Budget information into a single Unified Ledger to present Consolidated Financial Statements and other reports
  • Ability to map a Parent Company’s Fiscal Periods to each Subsidiary’s Fiscal Periods, which is useful when the Companies’ Fiscal Periods differ
  • Automatically Maps all or a range of Accounts in a Parent Company to Accounts in the Subsidiary, or Maps the Parent Company’s Account to multiple Accounts in the Subsidiary
  • Easy-to-use, tab-based screens with drill-down and shortcut icons allow quick data entry, express navigation and centralized access to all relevant information
  • Built-in Online Help
  • Notes available at multiple levels for open-ended tracking
  • Extensive “canned” reports, with easily customizable filter criterion, including the ability to “go back in time” and generate reports for past periods
  • Ability to easily Export reports to various file formats, including MS Excel, MS Word, etc.
  • Easily generate Custom Reports via integrated Report Writer