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General Ledger Module
General Ledger Module
The General Ledger module provides the core accounting functions: chart of accounts, journals, banking, budgets, and financial inquiries.
Key Functions
Transactions:
- Journal Entry - Manual GL journal entries
- Bank Payment - Record payments from bank accounts
- Bank Deposit - Record deposits into bank accounts
- Bank Transfer - Transfer between bank accounts
- Budget Entry - Enter budget figures
- Revenue/Cost Accruals - Manage accrual postings
Setup:
- Chart of Accounts - Manage GL accounts
- GL Account Classes - Asset, Liability, Equity, Income, Expense
- GL Account Groups - Sub-groups within classes
- Bank Accounts - Configure bank accounts
- Currencies - Define currencies
- Exchange Rates - Maintain rates
- Quick Entries - Shortcut journal templates
Inquiries:
- GL Inquiry - View account transactions
- Trial Balance - Full trial balance report
- Profit & Loss - Income statement
- Balance Sheet - Financial position
- Bank Inquiry - Bank transaction history
- Journal Inquiry - Search journals
- Tax Inquiry - Tax transaction reports
Period Management:
- Closing GL Transactions - Period close
- Revaluate Currencies - Foreign currency revaluation