Keep the bottom line on target with GAAP-compliant accounting methodologies
New products and services, never-ending tax code changes and shifting market trends make managing telecom financials a demanding effort. Swift decision making requires ready access to data via an intuitive interface. CostGuard provides the critical reports needed to monitor and evaluate financial status, satisfy month-end journal entry reporting and feed third-party accounting packages.
CostGuard uses Generally Accepted Accounting Principles (GAAP) to create General Ledger Journal Entries for each supported transaction type. For added flexibility, CostGuard also offers the ability to categorize revenue and reporting output by assigning GL sub-codes to both retail locations and markets. The solution also includes out-of-the-box forensics and auditing reports to help ensure accuracy.
CostGuard’s Finance & Accounting solution provides the ability to:
|Define the General Ledger Chart of Accounts and fiscal calendar|
|Generate journal entries for Billing, Customer Care, and Retail transactions|
|Post and re-post journal entries as a scheduled process or on demand|
|Export generated General Ledger data for import into 3rd party accounting solutions|