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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.