General Ledger

• Automatically maintained periods, reporting over any range of periods with no rollover procedure at period end.
• Balance Sheet and Profit and Loss Statements
• Reporting against budget
• Inquiry on any account over any period.
• Posting journals into any number of periods ahead or periods before.
• Reversing journals.
• Automatic posting no separate process to run to post general ledger transactions.
• Extensive narrative on journals created by sub-ledgers (AP/AR).
• Accounts can be grouped using relational methods ie flagged as a member of user definable account groups – rather than the old chart of accounts numbering structure.
• Account groups can be nested so hierarchical structures can be accommodated – detailed profit and loss, balance sheet and trial balance all use account group structures to display reports.
• Posting to prior periods can be disabled based on transaction date to prevent prior periods being changed.