Abstract: A computer-readable medium and a computer implemented method to enable a computer to provide a relational chart of accounts with an underlying data support scheme that allows for an undetermined number of dimensions to be used with an account. Dimensions can be added or removed without having to perform a re-implementation of the relational chart of accounts.

Abstract: An accounting system is disclosed that provides support for posting transactions into historical accounting periods, including periods that pre-date the most recent historical period. In one embodiment, when such a transaction has been posted, corresponding closing entries are generated in order to update at least one permanent account (e.g., a retained earnings account) and/or to bring a correct beginning balance forward for one or more balance sheet accounts. Other embodiments pertain to support for a specialized ability to reopen a closed fiscal period by reversing a period-end closing process.

Abstract: A computer-readable medium and a computer implemented method to enable a computer to provide a relational chart of accounts with an underlying data support scheme that allows for an undetermined number of dimensions to be used with an account. Dimensions can be added or removed without having to perform a re-implementation of the relational chart of accounts.

Abstract: A computer-implemented accounting system provides user-definable transaction dimensions. An enterprise having a plurality of sub-units can define sets of transaction dimensions for use by the sub-units. Each sub-unit can specify a set defined by the enterprise for use and the display order for the set. A computer implemented method is also provided.

Abstract: A computer implemented accounting system is provided facilitating multiple-dimension closings. A plurality of user-definable transaction dimensions can be selected as closing dimensions. Then, when a given accounting period is to be closed, closing journal entry lines and offsetting lines related to all unique combinations of closing dimensions are generated.

Abstract: A method of recording financial data is provided. The method includes establishing a first balance sheet account having a balance. The first balance sheet account is associated with a second balance sheet account. The method further includes automatically transferring the balance on the first balance sheet account to the second balance sheet account at a specified time.

Abstract: An accounting system is disclosed that provides support for an ability to preview a period-end closing process. When a preview option is activated, the system is configured to provide a view of transactions that would be generated if the period-end closing process were to be carried out. During the preview, the user may choose to continue the period-end closing process or cancel. If the user is satisfied with the preview results, continuing the process will generate actual corresponding closing transactions. If the user is not satisfied with the preview results, canceling the process will return the system to the state it was in before the preview process began.

Abstract: A computer-implemented financial system that allows for account modules to be set up, and transaction data to be entered, stored and retrieved as transaction entities, with each transaction entity including an amount, is provided. The financial system further allows for supporting dimensions (dimensions that are entered and saved to the transaction only and that are not selected from a predefined dimension code list) to be utilized.