The General Ledger system is the backbone of any financial application. With the Business Accounting Software General Ledger you can perform the following functions:
- Maintain historical accounting records containing a of transactions by accounting period.
- Maintain detail activity data for the or year.
- List business data to verify the accounting process for a single company or consolidate a multi-business environment with customized financial reports.
- Perform comparative and budget reporting.
- Process General Ledger manual journal entries.
- Automatically record General Ledger journal entries from subsidiary ledgers. Subsidiary ledgers include the Accounts Receivable Ledger, Payroll Ledger, Accounts Payable Ledger, and Inventory Ledger.
- Process a Trial Balance which produces a detailed listing of accounts and balances.
- Produce Monthly Financial Reports on a monthly basis.
- Produce projected Budget Reports.
- Calculate amortization payments based on interest rate and duration of a loan.