General LedgerTyler’s General Ledger applications are the cornerstone of its powerful financial management system. These applications are true multi-fund products that meet GAAFR and GAAP standards. At the same time, Tyler provides agencies with the flexibility agencies need, from defining chart of account structure or fiscal years to accommodating multi-year funds and grants—and even staggered fiscal years.
Our transactions take place in real-time rather than batch processing, which gives you access to comprehensive information quickly. You can access this information through extensive reports or online by drilling down or even across to subsidiary information and detail.
Ledgers are the heart of an organization's operations and need to be accurate and secure. To help with this, General Ledger security controls are comprehensive and enhanced with detailed system auditing. Tyler has unparalleled experience and a proven track-record to deliver a system that gives the control clients prefer and the security they need.
Project and Grant Accounting
Clients may choose to track user-defined projects (such as capital improvements) separately. They may also want to track the entire grant process, from application through conversion to a project. Project detail and milestones are monitored regardless of transaction origin because Project and Grant Accounting is fully integrated to other Tyler posting programs. This allows clients to track meetings, payment and work schedules, and whether goals were met. It even helps determine the true cost of a project and allows users to determine the level of detail to charge directly and how much to allocate for items such as labor cost.
Accounts Payable
Tyler’s Accounts Payable applications are payment processing workhorses for managing invoices and cash flow requirements. Using these, clients can liquidate purchase orders in full or in part with detail receiving information. They can use Accounts Payable as an integrated workflow to route and approve invoices online, which is ideal for decentralized offices. The vendor self-service application makes vendor check processing quick and easy, and bank reconciliation from electronic files takes this a step further. The seamless integration with other applications validates accounts, enforces user security, monitors budget availability, extracts data and manages other control issues.
Treasury Management
Tyler’s Treasury Management tools provide the treasurer with all of the necessary functions to automate all aspects of the office. These tools include disbursement and check reconciliation functions from accounts payable and payroll. Cash receipting and cash flow forecasting make it easy to plan and manage money. Users can file to record bank account transactions including pooled cash, investments detail, and debt detail. In addition, Treasury Management tools simplify reconciliation of book balance with corresponding bank balance.
Accounts Receivable
Tyler Accounts Receivable applications provide one central repository for all receivables information designed for two major functions, collection of billed receivables and miscellaneous cash receipts. They offer complete cash management, including those hard-to-manage items like interest, penalties, discounts, voids and other adjustments. Accounts Receivable applications integrate with Tyler’s billed receivable programs such as utility billing and licensing. There is also an available General Billing application that creates bills for miscellaneous charges such as rented building space or for parking spaces—eliminating handwritten bills and manual calculations. Pair this with Tyler Cashiering for even more processing efficiency.
Fixed Assets
Tyler’s Fixed Assets programs are designed specifically for the needs of the public sector. These tools provide a complete set of financial statements, both to fulfill auditor’s requirements and to fully reflect your investment in fixed assets. They assist in capital planning, and track items that are transferred, missing, not in use or due for maintenance or replacement. Fixed Assets applications track assets throughout their life-cycle, supporting additions, transfers, retirements and valuation adjustments.
GASB 34 Reporter
Legislation enacted to restrict the role of the auditor from performing certain accounting procedures for their clients created a need for a tool to meet these needs. Tyler’s GASB 34 Reporter has embedded GASB 34 rules and assists clients with the steps involved in this reporting process. What used to take weeks to prepare now takes days! The reporter acts as a conduit for posting adjustments as defined by GASB 34. These are made through a wizard-type interface and include all of the Blue Book required financial reports.
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