McLeod Software has a completely integrated general ledger and accounting system built right into the application.
McLeod Software’s LoadMaster or PowerBroker application is a fully integrated accounting software solution equipped with an integral general ledger, accounts receivable, and accounts payable financial system designed for the transportation business. Our solution captures all general ledger activity from through the subsidiary journals to the ledger while providing options for revenue and expense allocation, GL account segmentation, budget tracking, statistical accounts and much more.
McLeod’s Accounting system provides the ability to drill down from the general ledger back to the source documents in your LoadMaster or PowerBroker application for further analysis. Included within this integrated system are the standard accounting and financial reports, as well as the ability to create your own customized views of your balance sheet, income and cash flow statements.
Multicurrency for Canadian Operations
LoadMaster and PowerBroker give our customers the ability to operate with true multiple currency transaction capabilities and Canadian tax structures throughout the operational side of the system. This optional module initially focuses on operations in and between the United States and Canada.
McLeod Multicurrency allows users to track currency at a field level with auto-exchange of the entered transaction amount into the company’s base/functional amount. A quick view of key exchange elements of a currency field is available along with an option to change the view of an entire record to a specific currency. The system allows company currency defaults and separate overrides at customer, payee/carrier, and user levels. This module has a facility for establishing exchange rates and even a currency calculator for quick conversions.
Canadian excise taxes are also supported, allowing calculation of HST, GST and provincial taxes. The module offers options to control the tax status of an order and each other charge record. Multiple taxes may even be set at the Order/ Bill level. A new set of freight bill templates are available to handle the presentation of taxes and totals for invoicing.
The Multicurrency module requires the use of a third-party accounting system, Microsoft Dynamics GP. Dynamics GP supports all of the peripheral back-office processing to assure the unique aspects of a multiple currency environment are fully supported.