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The General Ledger system tracks budget and actual financial data to produce financial statements such as an Income Statement and Balance Sheet, the Trial Balance Report, General Ledger Report, GL Totals Screen, GL History Screen, and the Bank Book.
Data is passed to the general ledger from the AP and AR automatically via Journal Vouchers with expenses and revenues converted from foreign currency to domestic currency. You can trade globally in multiple currencies while your books remain in domestic currency.
Data is keyed directly to the general ledger via Journal Vouchers to record
Year-end closing entries for the general ledger are generated by the software.
"BS/1 Small Business - General Ledger" is part of the BS/1 Small Business Accounting Software line of products, developed by Davis Business Systems.
BS/1 Small Business Accounting Software is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.