The easiest way to keep you BALANCED
COR•REC™ Accounting provides an extensive set of accounting components that includes the COR•REC™ Business Management System. It supplies the necessary accounting functionality to run your business and handle future growth.
Your entire company's finances run efficiently for maximum productivity with minimal time and effort. All your business finance data is integrated seamlessly throughout the COR•REC™ system.
COR•REC™ Accounting, built for both Windows® and OS X®, comes in three versions: a free single-user version, a paid single-user version that allows continuous updates, different purchasable support packages, and the ability to add additional business functionality extending COR•REC™ integrated business system, and an enterprise version providing a multi-user server or cloud-based solution.
The COR•REC™ enterprise version has all the functionality of the single-user version along with an extensive audit system and offers installation, training, and direct support.
Our versions support company growth businesses starting on a tight budget, select free; as your business grows, continue with what you know with our paid single-user; when you have grown, the enterprise version is there for you.
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General Ledger
General Ledger system allows for the creation, managing and reporting of a chart of accounts. We'll start you off with the basics and then offer you the ability to customize your General Ledger to meet your unique business needs and future changes. COA Categories designed to logically group/subgroup Chart of Accounts. There are no rules; you may create and modify COA's within the General Ledger View. We offer you several types of Balance Sheet reporting options, audit reports and a unique group reporting system.
- Multiple industry charts
- A choice of industry chart of accounts (COA) accounts numbers and names relevant to your business type given at startup. The COA list for each is in a standard COA with Asset, Liability, Income, and Expense accounts. The startup COAs are not cut in stone allow modifications to your unique business structure.
- Flexible unlimited number of accounts
- The COA allows for an unlimited number of general ledger accounts. User-defined COA numbering thats flexible in length with a unique value test to prevent duplication.
- Modify accounts
- Allows changing account name, number, and type without losing transaction associations.
- Drag and drop reordering of accounts
- Drag and drop is supported, allowing users to reorder accounts without losing transaction associations.
- Organize,group accounts using categories/subcategories
- Chart accounts will display in a tree structure with account categories and subcategory elements. Categories and subcategories aid in the creation of budgets and reports.
- COA's integrates with all accounting elements
- All system transactions are associated with the COAs through our Schedule and Report Period systems. Detailed information on transactions is available throughout the system with no duplication of effort.
- COA select audit reporting system
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Perform movement audit reports for any date period.
Directly audit individual accounts.
Audit individually selected accounts.
Audit selected groups of accounts.
Audit a mix of individually and group selected accounts. - Multiple balance sheet report formats – control level of detail
- Choose from three report formats. The accounts included within a report are selectable, thereby dictating the report type, Balance Sheet, Income Statement, Profit Loss...These reports have no Report Period restrictions. Account sets are saved in COA Groups to keep reporting consistent and flexible.
- Budget creation with audit based reporting
- Create budget reports as frequently as needed using selected sets of accounts. Quickly analyze differences between actual and planned results.
- Direct entry with tracking
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User-defined general ledger direct entry with tracking.
Create and save general ledger direct entry templates.
Direct Entries retained and available for review. - COA group system
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Enable reporting on defined groups of accounts.
Profit and loss statements.
Cash flow reporting.
Generate expense reports.
Cost of goods sold reporting.
Groups allow creative report design. - Schedule, manage and track account types ie:
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Loans
Investments
Fixed Assets
Depreciation
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Account Report Periods
Manage and structure the flow of funds through a report period system. Movement audit reporting for any date period. Receive source information such as the date, time, entry person, and any associated account. Create yearly, monthly, quarterly Accounting Report Periods to generate reports as needed. Set closing dates to prevent user error data entry. Closing your books may be generated using any date to and date from period with quick adjustment entry and auto calculation.
- Report Period Categories
- Group report periods, weekly, monthly, quarterly, daily...
- Report period set creation
- Directly create weekly, monthly and quarterly sets or individual report periods.
- Control report period closing automatic close dates
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Automatically set or manually close individual report periods.
Balance forwarding of closed report periods.
Initiate balance calculation using any date to and from with quick adjustment entry and auto calculation. - Flexible account period reporting
- Select any number of report periods to create and print reports.
- Multiple audit report formats
- Choose between two report formats; a single tree or a debit/credit split tree format.
- View activity in a selected account
- Individual transaction detail
- Transactions specific information is added for clarity. A transactions date created, date modified, who entered it, and its complete disbursement.
- User error entry protection
- Prevent the most common data entry error of inputting the incorrect date.
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Account Payable
Account Payable has everything you need to handle your payables with ease. Information flows effortlessly throughout your chart of accounts as you enter and issue checks and debit payables. Review and track vendor information on past purchases. And its unique reminder alert systems is an assured way of timely bill paying and eliminating late fees and interest charges.
- Vendor/supplier detailed record management
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Unlimited number of vendor records.
Vendors organized alphabetically.
- Review and track vendor/supplier
- Review and track a vendors payment history by date-specific period.
- Easy entry system
- Maintain frequently used vendor/schedule associations.
- Payable schedules
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Any number of impacted accounts.
Disbursement of 1% to 100% per account.
Error detection.
Control debit, credit.
Designate schedule type. - Post Dated Payable
- Advanced payment scheduling and review.
- Payment scheduling and review
- Maintain frequently used vendor/schedule associations.
- Batch payable expense schedule
- Batch create expense schedules for a designating a range of accounts.
- Automatic payment due alerts and reminders
- Eliminating late fees and interest charges.
- Extended voucher duplication
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Duplicate transaction options for repeat payable.
Allow for extended dating across report periods. - Credit, debit and check entry
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Account Receivable
Account Receivable is accurate and consistent. Create invoices with optional insertions and format settings per unlimited customer. Features the ability to create invoices in part, retain and then retrieve for additions or edits; print invoices with your company logo and optional multiple printing for office filing. Tracks invoiced sales tax and payment information.
- Client Account management
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Unlimited number of client records.
Clients organized alphabetically.
- Invoice layout management per account
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Four base layouts
Invoice totals section
Invoice slate section
Sold To
Ship To
Font
Logo selectable
... - Invoice terms and conditions
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Terms may be easily changes or modified as needed.
Terms may be defined for each client.
Create on the fly selectable invoice payment terms - Add custom message on invoice
- Create default messages for each client or add a special note on the fly.
- Account receivable schedules
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Default receivable schedule.
Create any number of selectable alternate receivable schedules. - Unlimited number of predefined invoice line item types
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Disbursement schedule per invoice item.
Simple to nuanced disbursement per line item. - Retain invoices for additions and future postings
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Build invoice over time.
Add, edit, delete, then post when ready. - System supplied and managed
- Custom account number
- Credit system
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Add earned credits as invoice line items.
Add cash credits as applied cash. - Apply cash on invoice
- Apply cash on account
- Create deposit seamlessly.
- Review invoice and credit history by date-specific period
- Generate statement reports
- Generate AR aging reports
- Sales tax calculation and tracking
- Continually calculate sales tax and sales liability.
- Promotions, coupons, rebates tracking
- Print and Email invoices to your customers
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Finance
Account Finance keeps track of all your bank transactions so you can easily reconcile your bank statement. Track any number of checking, savings, credit card, payroll, or investment accounts with automatic updates to your balances and chart of accounts.
- Finance Account management
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Unlimited number of Finance Accounts
View and switch freely between accounts. - Administrative account management
- Transaction view management
- Finance schedule creation
- Reconciliation of bank statement
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Resolve any number of transactions within a defined period. All totals display for quick statement comparisons.
Review and edit prior reconciliations adding or removing transactions.
Reconciliation history review - Track all types of accounts
- Track any number of checking, savings, cash, payroll, pension fund, credit card, investment accounts, etc. with automatic updates to your balances and chart of accounts.
- Create and Manage direct finance transactions
- Check issuing
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Check printing.
Check auto numbering.
Check renumbering.
On the fly, check modifications of notes and addresses.
Multiple check format selections. - Balance adjustments
- Snapshot balance reporting
- Review transaction detail
- Selectable currency type
- Credit card rewards, rebate tracking
- Void transactions
- Staged transaction voiding depending on transaction disbursement.
- Temporary actions to view lists as needed.
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Administration
Manage access and global preferences.
- User management
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All versions allow for multiple user logins. Administrators can easily create user login and password accounts, set user parameters, control accessibility, get login status, and block accounts.
Manage individual user system access, visibility, and capabilities. Allow user administration functions. Allow or restrict access to all facets available: finance, receivable, payable, chart-of-accounts ,and any system functions. - Accounting
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Control accessibility of Finance, Payable and Receivable Accounts.
Receivable custom terms creation.
Invoice numbering. - Printing
- Manage the positioning of fixed report formats.
- Updates
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Install new software
Updates current COR•REC™ application
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Platform
COR•REC™ is an ever-evolving business software solutions platform. It's where business software solutions come to work as one.
- Developed with a workspace environment
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Allow creation of workspaces containing user specified COR•REC™ aspects.
Allow on the fly workspaces containing any given aspect. - Action card with default actions
- Quick selection of your most used workspaces.
- System-wide sorting and viewing capabilities
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Organize lists with column sort, drag and drop, and grouping.
Unlimited number of opened workspaces and views.
Open and detach view for easy comparisons. - Handling of multiple branding DBA's
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Import multiple branding images to handle report headings and DBA's.
Set defaults per customer - Accrual or Cash accounting support
- Documentation
- Extensive built in browser documentation with walk through.
- Report layout options
- Specialty fields
- Fields enable entry of mathematical equations and date calculation.
- Update Log
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Display all user interaction, alleviating the need for mundane messages.
Record option brings the Update Log to the nth level of detail.
