USL FINancials’ Financial Accounting Suite of Applications provide a fully-integrated, full encumbrance fund accounting system, offering all the financial management features needed today by not-for-profits and government agencies for making smart strategic decisions, achieving the highest level of fiscal accountability, and evaluating performance.

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Project Accounting

USL Financials Project and Grant Accounting module contains all the functions necessary to track and manage grant and project activity. There is a close integration with budget enforcement with all other USL Financials modules. Define Projects or Grants easily.

FLEXIBILITY

Unlimited number of projects or grants, with support for sub-projects.

BUDGETING

Ability to budget across projects, sub-projects, and funding source awards.

ALLOCATIONS

User-configurable allocations for generation of IDC, Revenue Recognition, and Sponsor Billing.

DOCUMENT MANAGEMENT

Ability to attach documents to projects, sub-projects, and funding source awards.

ONLINE HELP

USL Financials contains context-sensitive, online help for all features and functions of the system.

INTEGRATION

Ability to process transactions for project accounting in other core modules, such as Accounts Payable, Accounts Receivable, Purchase Orders, Purchase Requisitions, Inventory Manager, and General Ledger.

PROJECT ACCOUNTING

FEATURES

GENERAL

Unlimited number of projects or grants.

Supports optional sub-projects, which are subordinate to projects and provide for detail reporting of activity with-in a project.

Distribution accounts validated by Projects, sub-projects, and funding sources.

Projects, sub-projects, and funding sources support optional starting and ending dates.

Project-level security by user.

Notes may be associated with the definition of projects and also at every transaction.

Numerous user defined fields for projects, sub-projects and funding sources.

User-configurable allocations for generation of Indirect Costs, Revenue Recognition, and Sponsor Billing.

Web reporting using Microsoft Reporting Services.

FUNDING SOURCES

Projects can have unlimited Funding Sources (Awards).

A funding source defines the funds available for project usage and the definition of funding sources.

This feature of projects provides for funding or grant management

CONTACTS

Contacts can be used to identify individuals (such as employees, contractors, or subjects) associated with Project and Sub-projects.

There is no limit to the number of Contacts that can be assigned to projects and sub-projects.

FLEXIBILITY

The usage of projects can be con-trolled at the module level.

All transactional interfaces provide for fast and effortless association of projects to accounts.

Edit listings and detail journal reports include project activities.

ALLOCATIONS

User-defined indirect cost allocations, using Rate-method or Actual-method.

Rate vs. Actual Comparison reporting

Revenue Recognition

Generation of custom invoices for billing unlimited funding source.

BUDGETS

Project budgets cross fiscal years and are associated uniquely with a given project.

Project budgets can be entered at the project or sub-project level.

Project budgets mapped to fiscal years for organization budget management and reporting.

Budgets recorded at Budget Category and/or Account level.

Individual Categories can be identified as being related to Direct or Indirect Costs.

SYSTEM INTEGRATION

Accounts Receivable verifies account numbers, components and budgets through the Control System module. AR is interfaced to USL Financials General Ledger, Purchase Requisition Purchase Order, Inventory Man-ager and Project Accounting modules.

REPORTS

Provide powerful on-line inquiry and drill-down tools:

Projects and grants can optionally be tracked as a full sub-ledger with balance sheet as well as P&L Reporting.

Excel Financials for PA Financial Statements offers balance sheets as well as P&L reports.

Each report has many user selections to assist with reporting on the exact project activity desired.

Contacts reports

Funding source reports

Project and sub-project definition reports

Transaction reports organized by project or account, with drill-down (drill-back) to GL, AP, AR, PO PQ, and IC details.

Datasheet reports allow ad-hoc reporting, sorting and filtering on any project, sub-project, and funding source column, including user-defined information.

Web reporting allows dynamic interaction with off-site Principal Investigators.

Unlimited custom invoices for billing

SECURITY

Full USL Database, Module, Menu, Function, Action and Account Level security options relative to the system security.

Full security by Delivery Location in PO and PQ.

Departmental Security via Workgroups in A/P, A/R, GL, and PQ.

Security by Project, Sub-Project, and Funding Source (Grant)

MINIMUM SYSTEM REQUIREMENTS

SERVERS

Dual Core, 2.3 GHz or better

4GB RAM (32-bit Windows Server) sized by need

8GB RAM (64-bit Windows Server) sized by need

Windows Server 2008 – 2012 (R2 supported) (64-bit recommended)

SQL SERVER

Microsoft SQL Server 2008 – 2014 (R2 supported) (64-bit recommended)

TERMINAL SERVER (if utilized):

Dual Core, 2.3 GHz or better

4GB RAM (32-bit Windows Server) sized by user count

8GB RAM (64-bit Windows Server) sized by user count

Windows Server 2008 – 2012 (R2 supported) (64-bit recommended)

CLIENT WORKSTATIONS

Core 2 Processor, 2.3 GHz or better

2GB RAM or better

Microsoft Windows 7 (SP1) – Windows 10 Pro

Microsoft Office Professional 2007 – 2016 (32-bit only)

PROJECT ACCOUNTING

Review the Project Accounting Cutsheet