The heart of OpenGov Financials is a robust general ledger system designed from the start for Generally Accepted Accounting Principles (GAAP) multi-fund accounting and the special needs of governmental reporting under the Governmental Accounting Standards Board (GASB). Flexible chart of accounts structure and sophisticated reporting closely support the need to have easily auditable records, comply with complex State regulations and meet the specific management needs of Cities, Counties, Schools and Special Districts.
Core subsystems bundled with the general ledger provide fully integrated accounts payables, accounts receivables, cash receipting (including citation payments), fixed assets, purchasing, and purchasing card management. Advanced features include account level authorization, data masking, journal import, and purchasing workflow. Document management power includes scanning, uploading, and archiving in all modules.