About the General Ledger

The General Ledger (GL) is the consolidation of all the movements created in the debtors, creditors and stock sub ledgers. The GL forms the basis of the recording of business activity. By creating as many or as few GL accounts you can define the level of detail you wish to report. The reporting can be consolidated from the GL accounts using the Report Writer. Budgets can be created to monitor the performance against expectations.

This section describes the set up related to the GL – account groups, accounts and control accounts. It also explains the procedures for entering transactions, reconciling the GL and generating reports.