#810 rlss books
This supplement is only available to clients using both GMS Accounting and Financial Management System and GMS Revolving Loan Servicing System. It allows the cash receipts batch entered into accounting to be pulled into the RLSS system for posting loan payments without duplicate data entry. Additionally, it allows the voucher batch to be pulled in for posting of disbursements.
Some setup is initially required: 1) borrowers are entered into the accounting program as customers or vendors, and 2) each of those customers/vendors identified as a borrower is attached to a loan ID number within the RLSS system. When the batch is posted in RLSS, the user will determine the activity period, thus ensuring the disbursements and repayments are reflected on the Monthly Activity Report for the chosen period.
It is recommended that the loan payments and disbursements are entered into a separate cash receipt or voucher batch in the accounting system. However, if mixed revenue or disbursements are included in the same batch, they can be eliminated from the posting once the batch is in RLSS. Also, separation of duties is often a part of internal control and accounting procedures, and this supplement may impact that procedure. You may want to discuss it with your comptroller or auditor prior to ordering the supplement.
Some setup is initially required: 1) borrowers are entered into the accounting program as customers or vendors, and 2) each of those customers/vendors identified as a borrower is attached to a loan ID number within the RLSS system. When the batch is posted in RLSS, the user will determine the activity period, thus ensuring the disbursements and repayments are reflected on the Monthly Activity Report for the chosen period.
It is recommended that the loan payments and disbursements are entered into a separate cash receipt or voucher batch in the accounting system. However, if mixed revenue or disbursements are included in the same batch, they can be eliminated from the posting once the batch is in RLSS. Also, separation of duties is often a part of internal control and accounting procedures, and this supplement may impact that procedure. You may want to discuss it with your comptroller or auditor prior to ordering the supplement.
costs
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# Licensed Users
1 - 2 Users
3 - 4 Users
5+ Users
|
Purchase Price
$350.00
$400.00
$475.00
|
Annual License/Maintenance
$52.50
$60.00
$71.25
|
