UDS has predefined subsidiaries that are common to most real estate companies. These types of subsidiaries would include A/R Sales Associates, A/P Vendors, Earnest Money Escrow, etc. There may be other accounts found on the company's Balance Sheet or Income Statement that a user may require sub-account detail in addition to the predefine subsidiaries UDS provides. The "general" subsidiary schedules allow a user to define up to 18 different General Ledger account numbers as "control accounts" to a subsidiary. This allows the user to set up subsidiaries to track Misc. Accounts Receivables, Notes Payable, Travel Expenses, etc.
Features found within each schedule include:
3 dollar formatted fields that can be labeled by the user.
3 date formatted fields that can be labeled by the user.
An aging table that includes current, 30, 60, 90 and over.
The capability of charging finance fees if the subsidiary is set up as an accounts receivable schedule.
18 user defined transaction classifications to categorize and accumulate MTD, YTD, and ATD totals on the different types of transactions that can be run through the subsidiary.
Generation of monthly accounting statements for general accounts receivable sub-ledgers.
