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The General Ledger application gives you the ability to track an unlimited number of general ledger accounts. The system is a date driven financial reporting system that allows The General Ledger application gives yout eh ability to track an unlimited number of general ledger accounts. The system is a date driven financial reporting system that allow syou to specify the dates of any reporting period. Since the only time you actually close the books is at the end of a fiscal year, you have complete flexibility for financial reporting purposes. You can prevent individuals from entering transactions in prior reporting periods to preserve your financial integrity without actually closing those periods.

The General Ledger application allows you to setup an account type (asset, liability, equity, revenue, expense), a department and an account code. The account is then assigned with a reporting classification to group them for reporting. Hence, you are able to keep a detailed accounting summary for your business with the ability to produce summarized financial reports. Each individual account can then have an annual budget associated with it to keep track of all spending.

Every other application automatically integrates with the general ledger, and updates general ledger info as transactions are posted. This means that the only thing you need to enter in the general ledger application is standard general journal entries for depreciation, amortization, prepaid expenses, accruals, etc. To further save time, the general ledger can be setupt o sequentially number all journal entries subsequently.

The system allows you to display, print or export:

  • The Chart of Accounts (Optionally by Department)
  • Trial Balance (Optionally by Department)
  • One or all general ledger account activity between any two dates specified with or without period beginning/ending account balances in detail or summarized by source
  • Budget Reports by Account/Classification
  • Balance Sheet and Income Statementyou to specify the dates of any reporting period. Since the only time you actually close the books is at the end of a fiscal year, you have complete flexibility for financial reporting purposes. You can prevent individuals from entering transactions in prior reporting periods to preserve your financial integrity without actually closing those periods.

The General Ledger application allows you to set up an account type (asset, liability, equity, revenue, expense), a department and an account code. The account is then assigned with a reporting classification to group them for reporting. Hence, you are able to keep a detailed accounting summary for your business with the ability to produce sumarized financial reports. Each individual account can then have an annual budget associated with it to keep track of all spending.

Every other application automatically integrates with the general ledger, and updates general ledger info as transactions are posted. This means that the only thing you need to enter in the general ledger application is standard general journal entries for depreciation, amortization, prepaid expenses, accruals, etc. To further save time, the general ledger can be set up to sequentially number all journal entries subquentially.

The system allows you to display, print or export:

  • The Chart of Accounts (Optionally by Department)
  • Trial Balance (Optionally by Department)
  • One or all general ledger account activity between any two dates specified with or without period beginning/ending account balances in detail or summarized by source
  • Budget Reports by Account/Classification
  • Balance Sheet and Income Statement

Other Applications

The following applications are designed to work hand-in-hand with General Ledger:

"General Ledger" is part of the FINancial Accounting Software line of products, developed by FIN Systems.