General Ledger

Financial reporting is the foundation of business communications. At the heart of this communication, glovia.com General Ledger collects and processes financial data for effective management presentation.

General Ledger At-A-Glance

Chart of Accounts

• Up to 9 user-defined elements
• Up to 9 user-defined levels
• Up to 99 views per Fiscal Year
• Account mask for control of display format
• 20 alphanumeric positions
• User-defined Account Types
• Description field
• Multiple text lines

Budget Development

• Budgets, outlooks and forecasts
• Multiple years: current, next and prior
• Budget methods: fixed, flexible and total
• Budget amounts and optional quantities
• Two-way API to desktop

Queries

• Drill down from any balance to transaction detail
• User-defined query profiles
• Any query in any currency
• Real-time, online balances

Financial Report Writing

• User-defined formats and formulas
• Currency selection
• Income statements and balance sheets
• Consolidation roll-ups
• Comparative reports with user-defined periods
• Budget reports
• Report multiple periods, quarters and years

Fiscal Calendar

• 18 user-defined periods
• Independently defined quarters
• Period control and closing
• Periods are user-controlled by transaction groups
• Secured periods for pre- and post-closing transactions
• Automatic year-end posting to retained earnings account.

Journal Entries

• Regular and inter-company
• Amounts or percentages
• Automatic reversal option
• Pre-stored account distributions
• Recurring journal entries
• Balance transfers to multiple accounts
• Text lines
• Security for out-of-period and out-of-balance postings
• Powerful Allocation Engine

Multinational Capabilities

• Home currency for General Ledger amounts
• Tracking of document currency and alternate currency equivalents
• Currency consolidation across General Ledgers
• Rate conversion with effectivity dates
• Exchange rate variances

Security

• User Security Profile
• Control viewing and posting access
• Tightly monitored security can be enhanced with optional Audit Manager