Specifications include, but are not limited to: Please include in any response the software’s ability to the listed global feature requirements. The Global Features of the software must include, but is not limited to, the following features: Ability to convert a minimum of five years of legacy data (including chart of accounts and vendor files) in current software to proposed solution User defined account number structure Provides a Chart of Accounts system that provides a flexible account numbering format that meets the requirements of the Town and the Rhode Island Department of Education Uniform Chart of Accounts Accounts Payable with 1099 capability including electronic purchase orders, encumbrances, tracking by vendor and by budget line, paper check, and ACH payments Accounts Receivable – billing and payment processing General Ledger Reconciliation of bank accounts Ability to post manual journal entries Fixed Assets and Inventory management Payroll summary import internally or through a 3rd party vendor file Tax billing and collection summary import from 3rd party vendor files Employee benefits administration Cash receipting Budget development and reporting, including ease of reporting information to the public. System should support multiple budget types and comparative analyses between each type, and actuals by month and cumulative (default, year to date, adopted, estimated year-end). Drill down capability for detail transaction data Account inquiry access for department heads for budget to actual information Multiple funds for fund accounting