Keep in mind that nearly every screen in Oak Streetcan be customized without the need of a programmer.  This key feature gives you a degree of flexibility never before seen in an operations and accounting software package. For more information on the Screen and Form customizer click here. Also keep in mind that Oak Street has HUNDREDS of features - more than what can possibly be described on this web site.  We highly recommend that you allow one of our highly skilled sales technicians to give you a personalized demonstration of Oak Street so that you see first hand how Oak Street will enhance your business.  For more information on our personalized demonstrations click here.
		General Ledger Basics
		Features Get financial statements, schedules, and reports which provide valuable decision making information. Specify up to 70 characters in your account numbers, and divide accounts into as many as three segments for identifying sub-accounts, departments, divisions, etc. Maintain a centralized location from which all bookkeeping and accounting transactions are posted, summarized, and processed. Obtain a complete audit trail of detail activity by printing reports and registers before posting to the permanent files.  Maintain an unlimited number of accounting periods in a fiscal year. You may specify the ending dates for each period. Specify up to 70 characters in your account numbers, and divide accounts into as many as three segments for identifying sub-accounts, departments, divisions, etc. Categorize General Ledger accounts into any number of similar account groups (e.g., assets, liabilities, equity, revenue, expenses, etc.). Quickly obtain comparisons of current-year, budget, and revised budget. Post to future periods from general journals, or from other modules, without closing the current period. Search for transactions by period, source journal, or comment. Add new General Ledger accounts "on-the-fly" to the Chart of Accounts from the General Journal Entry program. Permit only authorized users to add new accounts. Automatically reverse journal entries in a subsequent period which have been posted in another period. Establish recurring journal entries (e.g. monthly depreciation) and automatically post them to the General Ledger. Perform rapid batch entry and transaction posting, such as cash disbursements and cash receipts. After-the-fact transactions, such as handwritten checks, may be easily entered using this process. Automatically post an amount from a single source account to multiple destination accounts.  The amount to be posted to each of the destination accounts may be calculated based on a percentage allocation or on a quantity such as head count or square footage. Produce standard income statements and balance sheets in departmental form.  You may include various combinations of actual, budget, budget variance, and prior year information on the standard income statements for the period and year to date.  Enter budget revisions for each account using any one of several revision methods. You may maintain the current-year budget and revised budget, as well as a third user-defined budget category. Copy budget information from another budget type (e.g. revised budget or next-year budget), current-year actual data, or prior-year actual data. Audit Trail A complete audit trail of detail activity is provided.  A unique batch number is assigned to each register, and this batch is posted to the General Ledger, leaving a detailed audit trail.  Detailed postings may be retained for the entire year or purged monthly.