General Ledger

With Progression's General Ledger (G/L) module, you have a scalable, easy-to-use tool to manage your company's accounting and financial reporting needs. Flexible enough to change with the future needs of your business, Progression's G/L can provide your business with the access to mission-critical data necessary to compete in today's global environment.

Easy Maintenance

The System Periods File assigns each company a distinct accounting period. The System Account Files enable you to define and store basic information on each of your G/L Chart of Accounts. That information includes multi-company consolidation account, financial statement type, and source and application of funds type. These types are used to generate eleven pre-defined financial ratios for reporting and graphing, making it easier to manage your operation.

Flexible Accounts Formats

Progression's Account Format allows you to define the G/L account number to identify main account, sub-accounts or profit centers, and responsibility centers or departments. Set up financial entities in G/L by combining up to 36 different ranges of profit centers and departments. This feature enables you to define specific segments of your business such as sales territories, divisions, and plants for comprehensive financial reporting. You can then run reports for each individual entity.

Streamlined Transactions

Manually post journal entries and generate counter balancing entries and automatic distributions, or set up entries to be automatically reversed in the next period. Also, you can assign source codes to your entries, to make cross-referencing easy and to document each unique journal entry. In addition, you can set up recurring journal entries with fixed or variable amounts assigned to those transactions. G/L enables you to set up automatic distribution codes for your system, allowing you to define where a single transaction should be distributed.

Comprehensive Budgeting and Comparatives

Progression's G/L also has budgeting capabilities where you can maintain up to 99 revisions per year for as many years as you choose. G/L also contains a comparative file. This file allows you to keep account period balances for an unlimited number of years to monitor your company's growth and success.

Customized Reporting

Progression's G/ L not only generates your financial reports, but also allows you to customize report formats to meet your company's analytical requirements. G/L provides several powerful financial reports with controls to allow you to dictate the format. You also have the ability to define and manipulate both row layouts and column controls.

Easy Consolidation

If your organization manages accounting operations for centralized or decentralized offices, or for one of the subsidiary companies, G/L will merge those transactions together, enabling you to produce consolidated financial statements. The consolidation account number for the parent company may even be different from the subsidiary company. G/L also gives you the ability to consolidate on a percentage of ownership and to only include transactions by subsidiary through a specific date for each subsidiary.

Data Access

As throughout the Progression Series, extensive drill down capability allows you to drill down to an original transaction. This ability to easily trace transactions enables you to quickly pinpoint the information necessary to make good decisions.