The General Ledger Module is the core module of AgManager®.  This module is used to define the accounts, vendors, products and commodities appropriate for your business.  It provides transaction entry, and basic basis reporting.  Information in this module is organized by twelve month fiscal cycles. 

This module adds an additional level of detail to breakdown the Operations portion of the General Ledger (Business Income, Business Cost of Goods, and Business Expenses) by center. Each transaction to accounts in those areas is coded with additional information that identifies the production cycle and center the revenue or expense applies to.  Profit centers and cost centers are used to accumulate totals for activities within the business. 

AgManager's Financial Forecast Module is subdivided into four distinct activities: 

1. Entity Forecast - The Entity Forecast is designed to build a projected budget for the Operations area of the business at the entity level (no centers). 

2. Managerial Forecast - The Managerial Forecast helps in assembling a projected budget of Operations by Center and by Production Cycle. 

3. Capital Forecast - The Capital Forecast Module provides a tool to budget the capital activity of Assets, Liabilities, and Equity.  Each budget prepared with this module can be used by one or more Entity and/or Managerial Budgets. 

4. Forecast Reports - This combines either one Entity Budget or one Managerial Budget with a Capital Budget for reporting purposes.  And, if needed, you can define several reporting combinations that match one Entity or Managerial Budget with different Capital Budgets.  This flexibility reduces the time and effort involved with "What If" scenarios.

   
   

This module can produce the following types of Balance Sheets based upon initial setup structure: 

• Cost Basis Balance Sheet and Supporting Schedules

• Market Basis Balance Sheet and Support Schedules 

• Combined Cost & Market Basis Balance Sheets with Supporting Schedules 

This module contains a loan amortization option that can be used to setup a re-payment schdule within AgManager® to automatically flow debt from long term to current on the balance sheet based on the payments due date. 

This module, available for cash basis taxpayers who also include market values for their assets during setup, provides a set of reports formatted according to the recommendations of the Farm Financial Standards Tax Force.  The Income Statement provides Accrual Adjusted reporting for Cash Basis Taxpayers. 

AgManager's Payroll Module calculates payroll and provides comprehensive reporting for both management and compliance purposes.  Print or eFile options are also available for quarterly and annual filings. 

The module computes: 

• Social Security 

• Medicare

• Federal Withhodling 

• State Withholding 

• State Unemployment 

• Federal Unemployment 

The program supports payroll for salaried employees, hourly employees, and employees paid by piece work.  The program can accumulate and report sick and vacation time.

The Accounts Receivable module supports both Cash and Accrual Basis Taxpayers.  For Cash Basis Taxpayers, entries in this module don't post to the General Ledger until they are paid.  For Accrual Basis Taxpayers the entries post immediately.  Activity in this module posts immediately to the Standards Level Managerial Reports; regardless of whether this is a Cash or Accrual Basis Taxpayer.  This program supports billing by statement and billing by invoice.  It supports discounts and added charges for past due payments.

The Accounts Payable module supports both Cash and Accrual Basis Taxpayers.  For Cas Basis Taxpayers, entries in this module don't post to the General Ledger until they are paid.  For Accrual Basis Taxpayers the entries post immediately.  Activity in this module posts immediately to the Standards Level Managerial Reports' regardless of whether this is a Cash or Accrual Basis Taxpayer.  This module supports discounts, date due calculations, and partial payments.  The program contains a number of features to help you manage invoice payment so discounts won't be lost and crucial payments can be made in a timely manner. 

AgManager® also contains a module that provides multi year entity trend information from several perspectives.  Available reporting options include: 

• Detail Accounts Trends 

• Cash Flow Trends 

• Balance Sheet Trends 

  
  

AgManager's Tax Reporting module contains two sections: 

• The first group of reports supplies information for tax planning and tax preparation.  It helps you make sure nothing is missed and organizes your information for your tax preparer in a neat concise format. 

• The second group helps you identify which vendors need 1099's and then allows you to print or eFile your 1099's. 

  
  

AgManager® has raised inventory functions: 

1. Entity Level - The Update Market Values screen is used to record additions to raised inventory. That inventory is automatically reduced as the inventory is sold.  The inventory can be revalued by changing the unit price on the screen. 

2. Manager Standards Level - This contains two specific raised inventory functions: 1. WIP (Work in Process) Inventory screen is used to record the inventory flow for livestock.  That information enables Standards accounting to automatically cost raised inventory on a per unit basis both at the cost center level and on the profit center as sales are made.  2. Crop WIP (Crop Work in Process) Inventory screen, provides the same function for raised crops. 

   
   

AgManager's purchased inventory function automatically costs out purchased livestokc as they are sold or die.  There are several methods that can be selected for this costing.  They are:

• FIFO - First In, First Out

• LIFO - Last In, First Out 

• Average Cost 

  
  

This module turns on file locking capabilities in AgManager® that enables several people to be in the same entity performing different specific defined activities at the same time.