General Ledger

A business maintains numbered accounts to keep track of its financial transactions to ensure propriety of the accounting process.

General ledger helps in extracting a Trial Balance, preparing  Profit & Loss Account , Finalizing Balance Sheet.

Maintenance of All Ledger accounts, Accounting Periods, Reconciliation of Accounts are some of the main processes,

the detailed process of accounting is explained in the topics separately.

Account Inquiry

Choose the account no to view the transactions created irrespective of the period in which the transaction was made.

 

As shown in the below screen, select a transaction, click on the button- View full transaction. 

of the accounting entries made in the respective account heads with input date, postdate, amount debit and credit,

description and the source for clarity.

Check Book Register

Select the cash account to view the details of cheque issued and the deposit made with day end balance.

Transfer Cash

The browse window lists transactions of inter cash transfer from one account to another with reasons.

 

If the bank account is in different currency,

the conversion is auto populated based on prevailing exchange rate based on refresh of the

https://currencylayer.com - Currency Exchange Rate Master and the bank charges incurred on the transaction is also accounted.

 

The details of the bank transfer transaction both deposit and check are shown below. 

Contra Entry

 

Check Reconcile
 

Uncleared Checks

 

Accrual Info

 

Unreversed Accrual Info

Reversed Accrual Info