CYMA Version 16, to be released in late October or early November, contains over 300 enhancements, technical corrections, report changes and new features across all system modules. 

General Ledger Enhancements

Version 16 offers enhancements across all CYMA modules. While the General Ledger module will include dozens of enhancements, CYMA has highlighted three of the major new items below.

Payroll Cost Allocation by Grant (NFP) or Project (FMS)
Non-profit customers receiving Grant revenue or commercial customers tracking project costs who wished to fully allocate Payroll costs (earnings, taxes, benefits, company contributions) to Grants or Projects were required to embed the Grant/Project number in the GL Account Number structure - resulting in a very large number of GL accounts. No longer! In Version 16, NFP customers using Grants and FMS customers using Projects can configure the Payroll system to allocate select payroll features by Grant/Project.

 

This results in multiple General Ledger entries to the same GL Account (Social Security Company Expense, for example) coded with different Grant/Project numbers. These numbers flow back into the Grant reporting system inside the CYMA General Ledger. Additionally, CYMA has added a new file that accumulates Project/Grant Information by period so that actual amounts from posted, unposted, and reposted Journal Entry Batches can be captured in this file instead of reading thru all the GL transactions. This will greatly improve the speed when running Project/Grant Budget to Actual reports.


New "GL Manager" Setting Controls Posting into “Closed” General Ledger Periods
A new General Ledger Configuration option adds the ability to prevent posting batches into/before a specified month in an open year. Historically, CYMA has prevented posting only into closed years - while batches could be posted into any month in an open year. In Version 16, one or more users can be designated as a “GL Manager”. This “GL Manager” can set a cut-off month in an open year, for example, “prevent posting GL batches dated July or earlier”. Batches that originate in other modules (PR, AP, AR) that are dated prior to the cut-off will not automatically post within the GL and will be extremely visible to the person in charge of the GL. The “GL Manager” can then Unpost these entries and decide whether to post them in the previously “closed” month or post them in a subsequent month.


New Account Number Options on GL Financial Statements
All detail CYMA financial statements (Income Statements, Balance Sheets, etc.) have been enhanced to allow the user to select “GL Account Description” or “Account Plus Description” for each GL account listed on the statement.


 

Next Version 16 Preview: New Security Features (September 6)

Please expect more CYMA Version 16 announcements in the coming weeks. An archive of Version 16 enhancements and corrections can be reviewed at www.cyma.com/v16. If you have any questions or comments, contact your CYMA Reseller or CYMA at 800-292-2962.

Thank you for your continued business. If you have any questions regarding CYMA Version 16 or any other issue, contact your CYMA Reseller or CYMA at 800-292-2962.