General Ledger - Overview

Information comes to the General Ledger from the Accounts Payable and Accounts Receivable modules in the form of "batches". You can also enter batches in the General Ledger for adjustments and items not related to AP or AR. You have total control over the posting of these batches into the General Ledger.

The General Ledger program provides you with the ability to generate the standard financial statements:

• Trial Balance
• Income Statement
• Balance Sheet

You can view a summary of an account or specific details. Various search options are available to help you locate a specific transaction. If you wish to view a previous years data you can simply select the year (up to 5 previous years) and access the information. To increase the control over balancing various accounts there are several tools available:

• Duty Balancing
• GST System
• Bankbook