The General Ledger module consolidates all financial information from all other processing modules providing a complete audit trail of company finances. Recurring entries are generated on a timely basis to record ongoing entries such as depreciation, automatic withdrawals, and reversals. The chart of accounts options automatically distribute income or expenses to multiple departments or revenue centers.
This powerful integration module has an automatic statement generation utility that creates: a balance sheet, profit and loss, or cash flow statement from the chart of accounts. Review and report formats may also be tailored to your specific requirements.
The company consolidation feature in the General Ledger module merges financial data from multiple companies into a total enterprise financial statement.