General Ledger Overview:
The General Ledger Package provides terminal entry, inquiry and update capabilities on all master files; and supports all daily and monthly activities that affect the accounting functions.
General Ledger Features:
- Facilitates multi-company processing
- Provides for 7 digit account numbers (4 digit main account and 3 digit sub-account)
- Prints individual company or combined financial statements
- Provides for up to thirteen user defined accounting periods
- Provides for flexible user defined financial statement formats
- Provides optional counter-balancing accounts and distribution codes for automatic generation of balancing or distribution transactions at entry time
- Allows maintenance to chart of accounts
- Optional automatic distribution of specified accounts to other accounts on a pre-defined percentage basis
- Budgetary and Comparative analyses are available
- Provides G/L account inquiry and display via screen
- Integrates with Accounts Payable, Accounts Receivable and Payroll
- Transaction Audit Listing provides General Ledger audit trail
- Allows transaction detail to be kept for the entire year so that year-end detail reports may be printed
- Allows manual journal entry and editing
- Allows transaction file maintenance prior to updating the account balances
General Ledger Reports:
- Trial Balance
- Balance Sheet (by company or combined for all companies
- Profit & Loss (by company or combined for all companies
- Chart of Accounts Listing
- Allows transaction file maintenance prior to updating the account balances
- Balance Sheet (by company or combined for all companies
- Profit & Loss (by company or combined for all companies
- Supporting Schedules
- Source and application of Funds Reports
- Changes in Financial Position
- Changes in components of Working Capital
- Statement of Cash Flow
- Transmittal Letters
- Supporting Notes
- Optional Budgets or Last Year Comparatives
- Year-end Detail Report