General Ledger

 

 

• The General Ledger is a full featured, interactive accounting system designed to facilitate double-entry accounting. Cater for major reporting such as Chart of Accounts, Budgeting, Income Statement and Balance Sheet
• Local SST/GST ready
• Preset or user defined Chart of Account for both General and Trust Accounts
• Self-balancing double entry concept (with client ledger integration)
• Full audit trail reporting capability
• Allows prior period journal adjustments
• Monthly and year-to-date budget/performance comparison
• Integrated with billing module to produce analysis of fees by type of income, income & expenditure statement by type of disbursement
• Bank reconciliation facilities to avoid discrepancy and unauthorised withdrawal
• Easy end of month, end of year closing
• Some of the useful reports:
  • Instant bank balances query
  • Chart of Account listing
  • General ledger listing
  • General journal report
  • GL reports including Trial Balance, Balance Sheet and Income Statement (Profit & Loss)
  • Actual versus budget comparison
  • Year on year financial performance comparison