GENERAL LEDGER

Analyze Your Financial Position

General Ledger GL categorizes and summarizes your accounting information. Custom designed financial statements clearly show the company's profit ( or loss ) as well as its assets, liabilities and equity position.

You can also review various expense and income categories, and compare them to budgets, prior periods and last year's amounts. Using this information, you can spot and reinforce income generating areas, eliminate waste, locate areas which are over budget and implement actions for correction, etc.

General Ledger provides vital management information that can be used to increase the profits of your business.

 

Some General Ledger Key Features include:

  • Up to thirteen accounting periods can be used
  • Chart of accounts information can be entered, edited and printed.
  • General Ledger account numbers are user defined and can contain up to 6 numbers.
  • General ledger account information can be compressed by date, period or not at all.
  • A Trial Balance can be printed.
  • General ledger account inquiry is provided.
  • Custom -designed financial statements can be printed.
  • Complete audit trails are provided.
  • Flexible year-end closing procedure is available.

 

Accounting Periods Can be Defined Based on Your Fiscal Year

A fiscal year can be defined from one to thirteen accounting periods. The current accounting period can be selected.

 

Chart of Accounts
You can easily add, change, delete and print chart of accounts information. Accounts can be entered and defined to suit the way you do business.

 

General Journal Entries Allow Entry by Transaction Date

General journal entries are easy to enter and edit. A running balance is displayed on the screen. If transactions outside the current period are entered, a warning will be issued. However, the entry can still be made (such as for future periods.)

Unbalanced entries can not be entered. This ensures accurate information and saves you from searching for errors weeks or months later.

A Journal Entry Register can be printed in order by account number or in the sequence entered to ensure that transactions have been correctly entered. The report provides a paper audit trail.

 

Financial Statements Can be Designed to Meet Your Business Needs

Financial statements can be custom designed by entering titles, headings general ledger accounts to be included, explanatory text, etc. Your custom-designed financial statements can be printed at any time. These reports include Income Statement ( Profit and Loss Statement ) and Balance Sheet.

 

Year End Procedure Can be Easily and Quickly Completed

The automatic year-end procedure clears all profit and loss account activity and sets the accounting period to next year. Balance sheet transactions are consolidated into one beginning balance transaction for the year for each account.

 

List of General Ledger Reports

  • Balance Sheet
  • Chart of Accounts Listing
  • Journal Entry Register
  • General Ledger Trial Balance
  • Income Statement ( Profit and Loss )
  • Bank Reconciliation

 

 

Order Entry / Invoicing | Inventory Control | Point of Sale | Accounts Receivable | Accounts Payable | Purchase Order | Payroll | General Ledger | Office Manager System | UPS Manifest Shipping | Services / Text Invoicing | Serial Number Tracking | Return Merchandise Authorization
Contact | Home