The key to accurate management information is an integrated nominal ledger that collates data from all of the peripheral ledgers. Pyramid’s nominal ledger is automatically updated, in real-time, by every other ledger, so management information is up-to-date and instantly available at all times. Up to thirteen accounting periods can be open at any time and you do not lose the controls associated with a period based system.
Nominal Ledger Structure
The nominal ledger is able to support up to 9,999 cost centres or departments with user definable alphanumeric nominal codes. Each nominal code and cost centre is allocated a notes facility, which has an unlimited writing capacity.
The nominal ledger also includes two sub-ledgers, there is Component Accounting for property assets and development and fixed assets for non-property items.
Reporting & Output Options
With detailed transaction analysis, scheme/cost centre analysis and easy reporting, including automated export to Microsoft Excel, the Pyramid nominal ledger forms the hub for the rest of the system.
Reporting options include:
- Income & expenditure
- Balance sheet
- Fixed asset schedules
- Trial balance
- Scheme/cost centre analysis
- Simple to user management reporting tools and department cost apportionment facility
Financial Accounting Highlights
- Open periods, with facility to “lock” prior periods without closing completely
- Budget planner facility with support for 5 years budgets and current year revisions
- Import journals and budgets from Excel
- Auto reversing journals
- Report formats for income and expenditure and balance sheet and facility to design user defined schedules and reports
- Automated regular posting and depreciation journals
- Bank reconciliation
We were delighted to find that OmniLedger’s Pyramid Housing Management System addressed virtually every point that was outlined. OmniLedger had also shown that information could quickly be extracted from Pyramid in a wide variety of analysis formats, using either standard reporting tools or a custom report generator.
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