General Ledger

The General Ledger Package is a simple to use application, providing all functionality for keeping the General Ledger records. All General Ledger accounting is registered in the chart of accounts, where there are many facilities for reporting. It includes Accounts Payable and Accounts Receivable. The Accounts Payable module supports supplier/vendor invoice and other payee liabilities, expenditure, payment and check reconciliation processing. Accounting transactions are posted to the General Ledger. Accounts Receivable support also receipt and lodgment processing, reconciliation with the bank, and provide capabilities for maintaining receivable amounts of the accounting sections. Functions of the package: Annual Financial Report, Trial balances, Balance Sheet, Account Analysis, Income statement, Transaction listings, Fund balance Sheet and Income Statement, Comparative Balance Sheet and Income Statement, Analysis Reports, Payment orders, Bank Transfers register, Accounting transactions, Open payable report, Vendor payment history report, Days payable outstanding information, Receipts and Invoices, Reports relating to account receivable, Accounting transactions, Overdue receivables report.