General Ledger

The General Ledger features of PRO$IT, are actually embedded in the Accounting & Banking module. The general ledger gives you the following features

• Journal Entries
  • You are given extensive journal entry (J/E) options which allow you to setup standard journals, and permits the editing/reversing of entries
  • Journal entries accommodate: Actual Cost, Budget Cost, Committed Cost etc.
  • Details provide information on account code, account extension, division, branch and center
  • The General Ledger is fully Multi-currency enabled.
  • Complete control of Inter-division, Inter-subsidiary and Intra-subsidiary transaction details
  • Allows you to further breakdown your accounts into divisions such as unit of measure and description
  • Allows you to view, cancel, post or store (for re-use) any journal entry.
  • Permits multi-budgets for reporting of variances for either a single or range of periods in current or prior periods
  • Supports daily accounting periods
  • All balanced transactions are posted instantly
  • Adjustments to prior periods automatically recompute the next fiscal year opening balances as well as all forward balances from the adjustment date to actual and budgeted ledgers
• General Ledger Reports & Queries
  • General Ledger Report detail by date, net change, account detail information across different entities
  • Trial Balance/Worksheet
  • Display historic values (actual/budget1 etc.) for specific or various fiscal years
  • Use Report Writer to generate custom reports
  • Any number of reports can be 'stacked' for printing in batch
  • Can analyse to the day for charting or comparative statistical trend analysis
  • Prepare consolidated statements with correct elimination of inter company accounts