| Accounting >
General Ledger |
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General Ledger module provides a streamlined solution for your business needs. Its easy to use interface captures information efficiently and provides you with the fiscal insight that is needed for business decision-making.
The General Ledger Module provides calculations and evaluation mechanisms desired from a high-performance financial administration system. It not only organizes and assimilates all financial information from other modules, but also helps combine data from multiple group companies into a single consolidation company for financial reporting and analysis. Precise financial statements and reports generated at the module is vital for decision-making. It acts as an effective monitoring tool by segregating the financial performance and activities of different departments. |
| GL Account Setup |
| This section deals with how to set up and maintain the chart of accounts. These accounts are the basis of General Ledger. All the transactions in the Journal, Accounts Receivable and Accounts Payable make use of these accounts. User can name these accounts according to the requirements of business. |
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| Journal Detail Entry |
| There are some transactions which are needed to be entered directly at General Ledger. Those entries can be recorded through this option. |
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| Journal Types |
| From the drop down list available at Journal type field, user can select the type of the Journal. Following are the various types of journals and their functionality |
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Adjustment |
To make an adjustment entry. |
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Beginning Balance |
To enter the opening balances for your general ledger accounts. |
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Cash |
For cash transfer |
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Fixed Assets |
Adjusting fixed assets, e.g. adjusting depreciation in the fixed assets. |
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Payable |
For adjustments from accounts payable |
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Receivable |
For making adjustments from the accounts receivable. |
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Regular |
For all other types. |
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Repeating |
This option can be used to record adjustments that are repeating in nature like rent, lease etc. |
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Reversed |
To make reverse entries |
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| GL Posting |
| Posting distributes journal entries to the General Ledger. User can make changes in the journal entries before posting. Once the entries are posted you cannot make any changes in them. If user feels that some entry needs to be removed you can pass a reverse entry for the particular transaction. |
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| Account Budget |
| This option helps user to fix budget for each existing account and plan income and expenditures accordingly. |
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| Reports |
| Trial Balance |
| Trial Balance (Only Posted Data): This trial balance report gives summarized information of posted transactions in a particular accounting period. You can also print the trial balance account wise or category wise. An account wise trial balance will give you the detailed trial balance while a category wise trial balance displays the summary report. |
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| Trial Balance (All): This trial balance report gives information of all GL accounts i.e. both posted and un-posted. User can view report in both summarized and detailed form. |
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| Trial Balance (With Account Category):This trial balance report gives information of all GL accounts i.e. both posted and un-posted in an accounting period. GL account information can be viewed category wise. User can view report in both summarized and detailed form. |
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| Drill Down at Trial Balance:Drill down at all Trial Balance report helps user to view detailed information of accounts. User can navigate to relevant transactions screen through report itself. |
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| General Ledger |
| General Ledger (Summary with posted data): This is a comprehensive account wise list of posted transactions of that particular account that have been made in a given accounting period. |
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| General Ledger (Detail with all data): This report provides detailed information of all posted, un-posted and both the transactions that have been made in a given accounting period. |
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| Accounts Receivable | Accounts Payable | Cash Manager | General Ledger |
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