Demo
General Ledger
The General
Ledger system processes financial transactions during the accounting period and produces
reports when required. At the end of the month, closing transactions are made, month-end
reports are produced, and the accounts are prepared for the coming month. At year-end
there are additional reports and accounting activities that the General Ledger system
handles.
The system performs the following functions:
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Maintain historical accounting records containing a of
transactions by accounting period.
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Maintain detail activity data for the or year.
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List business data to verify the accounting process for a
single company or consolidate a multi-business environment with customized financial
reports.
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Perform comparative and budget reporting.
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Process General Ledger manual journal entries.
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Automatically record General Ledger journal entries from
subsidiary ledgers. Subsidiary ledgers include the Accounts Receivable Ledger, Payroll
Ledger, Accounts Payable Ledger, and Inventory Ledger.
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Process a Trial Balance which produces a detailed
listing of accounts and balances.
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Produce Monthly Financial Reports on a monthly basis.
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Produce projected Budget Reports.
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Calculate amortization payments based on interest rate and
duration of a loan. |
