General Ledger

Features Include:

• Full featured double entry system with automated or manual entry of debits and credits
• GL Defaults to automate the creation of GL Transactions for Sales, Purchasing, Inventory Management, etc.
• Standard Chart of Accounts with Standard Classifications, including:
  • Assets
  • Liabilities
  • Equity
  • Revenues
  • Cost of Goods Sold
  • Expenses
  • Other Income
  • Other Expenses
• Define Unlimited Accounts/Subaccounts - Use Any Numbering
• Centralized queue to store/review all GL Postings BEFORE they are actually posted to the GL (one at a time or in a batch)
• Filter for any given set of GL Transactions, by date, transaction ID, type, Account, Source, etc.
• Quickly view all details of any given account, including ability to reverse transactions
• Double-click on any transaction to view the entire journal entry for the transaction
• Full audit trail of all GL Transactions
• Create Journal Entries with Automated Reversing
• Create user defined Financial Periods. Closings Are Optional - Never Close If You Choose
• Produce Pre and Post Closing Trial Balances
• Ability to roll-back, review and repost batches of items for a given date range (if the period is still open)
• Define Beginning Balances or Input GL Adjustment Transactions
• Define Budgets for Revenues and Expenses