Regal SQL | Local Server Installation

This version of Regal is available to be installed on your local server for access by users on your local network which is perfect for organizations who already have the infrastructure in place and a Network Administrator to manage it.

Fund Accounting is the method of segregating resources into funds to identify the sources of funds and the use of those funds. The Fund Accounting module segregates these funds to control and monitor them with the objective of: demonstrating accountability and stewardship, determining the financial condition, planning and budgeting, evaluating organizational/managerial performance, and determining/forecasting cash flow. This module unites accounting, budgeting and reporting tools with an impeccable audit trail with a singular goal: eliminating the school district’s financial management pressures.

Fund Accounting

  • Fund/Budget Accounting

  • Accounts Payable

  • Accounts Receivable

  • General Ledger

  • Fixed Asset Module (GASB34)

  • Benefits

  • Enforcing the standards of GAAP, GASB34, FASB, and the Federal Handbook II.
  • Create and manage a flexible Chart of Accounts per your requirements to allow analysis of data at multiple levels.
  • Allows for use of commonly used segment names (i.e. Fund, Balance Sheet, Revenue, Program, Project, Function, Sub-Function, Object and Location).
  • Chart of Accounts, built from the applicable segment combinations:
    • Add/Edit Expense Budget
    • Add/Edit Revenue Budget
    • Budget Adjustment, interim mid-year
    • Line Item Transfers, interim mid-year
  • Powerful Report Generator to show:
    • PO Encumbrance
    • Invoice Accruals
    • Disbursements on one account or range of accounts.
    • Show sub-totals by group or by combination of subgroups.
    • Segment lengths that are flexible.
  • Manage Vendors, Purchase Orders, Invoice Processing, Checks Processing and Cash Disbursement Journal.
  • 1099 Vendors
  • 1099 report includes calendar year data covering overlapping fiscal years.
  • Optional - PO Automatic Numbering
  • Full integrity maintained with Encumbrance and Accrual. Automatic adjustments to the budget done if noted variance in payment during Invoicing, leaving the PO documentation AS IS. We are writing the INDUSTRY STANDARD in liquidating, managing, and keeping a CLEAN TRACK of the variance between the PO and Invoice.
  • System handles partial payments at agreed price or a variant, seamlessly.
  • Quantity driven system that shows how much was ordered, how much was delivered, and what is remaining in the account.
  • Voided checks handled with secure date sensitivity.
  • Credit Memo
  • Complete dossier of all cash disbursed in the system by checks.
  • Cash payments on Balance Sheet accounts under PO, if necessary.
  • Identify and manage revenue sources.
  • Create Accounts Receivable at the beginning of the year allocating estimated
  • Budgeted Revenue.
  • Record Cash Receipts as they occur for refunds against expended money.
  • Identify revenue sources.
  • Track Revenue Receipts against A/R bills.
  • Track Revenue Receipts without bills.
  • Track Revenue Receipts as refunds.
  • Revenue Receipts Journal
  • Revenue Sources are separated by group (i.e. Federal, State, and Local).
  • Anticipated Revenues accrued through bills as Accounts Receivable.
  • Complete a dossier of all cash receipts in the system, including cash movement on the Balance Sheet, accounts from investments, CD’s, FICA reimbursement, etc.
  • Adjusting Journal, General Ledger, Balance Sheet, Trial Balance, and Board Secretary’s Report.
  • General Ledger details by transaction type for the entire year or any date range.
  • PO transactions are accumulated as Encumbrance on the Balance Sheet.
  • Invoice Transactions are accumulated from Accounts Payable.
  • Budget Transactions for Expense Appropriation.
  • Budget Transactions for Estimated Revenue.
  • Billing Transactions for Accounts Receivables.
  • Check Printing - Cash
  • Manual Check - Cash
  • Cash Receipts - Cash
  • General Ledger Detail for each account between dates.
  • General Ledger Summary for each account between dates.
  • Trial Balance - Total Debit, Credit, and Net.
  • Tracks all Fixed Assets: Tracking Code, Location, Asset Tag, and Value at Installation.
  • Depreciation - life in years kept as data with the asset value appearing on the balance sheet.
  • Marking on PO’s designating a Fixed Asset.
  • Invoice indicates item as an asset triggering management action.
  • Allows asset detail data entry as a batch for asset move tickets.
  • Print Bar Code for Asset Tag.
  • Print short random list for Monthly/Quarterly Inventory Cycle Count.
  • Inventory write off.
  • Accumulated Depreciation
  • Multi-user access.
  • Access this module over the Internet via a secure VPN allowing you to work from anywhere, anytime.
  • Manages an unlimited number of funds.
  • An intuitive navigation interface makes the Fund Accounting module the school district accounting solution that's easy to learn and use.
  • Application tasks and reports are grouped by accounting function, including easy-to-understand workflow diagrams and checklists.
  • Customize your Fund Accounting module to fit your work habits and your mission, not the other way around.
  • SQL-driven database in combination with the object/relational persistence and query service technology
  • Easily create custom reports to your exact specifications.
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