Introduction to the general ledger

The general ledger controls all financial activity of your organisation.

The activity is stored in journals that are posted:

• from programs including debtors or creditors
• directly to the general ledger through a journal entry.

The general ledger is updated as soon as a transaction is completed.

Note: Payroll and general ledger journals update the general ledger when you update the posting.

The key functions of the general ledger program are:

• create, modify and delete general ledger codes and accounts
• maintain general ledger code descriptions
• view account balances and transaction postings
• maintain budgets and budget allocations
• process journals
• trial balance, balance sheet, period and management reporting.

Last modified: 4/10/2012 12:07:06 PM

© 2016 Synergetic Management Systems. Published 16 September 2016.