General Ledger

The General Ledger provides accurate analysis and reporting of final accounts, trial balance and account details ledger. The main component is Chart of Account which manages individual account balance and transactions for individual company and the group as desirable. It also provides consolidation of companies.
Key Features:

• Multi-currency

• Multi-company (for example, actual, budget and forecast companies)

• Maintain multi-year of ledger details simultaneously

• Allow multi-period for each accounting year (for example, 12 months, 24 periods)

• Multiple analysis categories (T-Codes, for example, by department, by product, by region, etc.)

• Provide approval process for new master data (for example, chart of accounts)

• Provide audit trail for master data, budget and forecast figures

• Single voucher entry handles all voucher types (for example, journal voucher, payment voucher, receipt voucher, etc.)

• Allow contra between accounts receivable and accounts payable within the same voucher

• Allow to input voucher and post to previous and future accounting periods and years

• Allow to copy voucher, generate recurrent voucher and reversal voucher

• Automatic revaluation of foreign currency amount and generation of voucher for exchange difference

• Allow to generate inter-company voucher

• Allow to import vouchers from Excel data file

• Allow voucher approval before posting

• Computer voucher printing

• Payment Advice and Official Receipt printing

• Provide voucher posting in both real-time and batch modes

• Posted voucher can be un-posted, audit trail is provided

• Trial balance and Account details ledger with unconfirmed balance included option

• User-defined financial statement reports (for example, balance sheet, profit & loss statement, cash flow statement, etc.), unconfirmed balance option is also provided

• Drill-down enquiries from accounts balance to details ledger and to related vouchers

• Account transactions searching enquiry

• Account transactions analysis enquiry and report

• Automatic calculation of profit & loss and transfer of yearly closing balance to next year, month-end and year-end closing are not required

• Allow conversion of trial balance from a company to another company of different currency and financial year for reporting purpose

• Provide full audit trail of consolidation processes

• Consolidation process can be run at any level within corporate structure

• Companies for consolidation can have different chart of accounts and base currencies

• User security for audit compliance