The General Ledger is broken into two parts; shown on two separate “pages” but directly tied into each other:
Chart of Accounts
The Chart of Accounts is the heart of the Nextsoft Accounting solution. This chart organizes all accounts into a hierarchical tree. Each account will show you a complete transaction history with details, highs and lows, month-to-date and year-to-date balances. Each account can be drilled down to show and edit underlying transaction details; which will automatically result in the recalculation of account balances. Budget information on a month-by-month and year over year basis is maintained for preparing budget and variance reports. Finally, for ease of use and to reduce your staffs learning curve, the chart of accounts is operated by a simple, intuitive drag and drop interface.
General Ledger
Using the Chart of Accounts the General Ledger will manage all top-line transactions, such as: depreciation, capital assets, account transfers and other non-standard transactions, most of which can be automated. Additionally the GL holds summary transactions form other areas of Nextsoft Hosted Solutions. The GL can generate reports of any type, such as Trial Balance, Chart of Accounts, General Ledger Detail and General Ledger Summary; and each report can be run for any current or prior period.
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