General Ledger

The General Ledger is the core part of accounting functions of any business. Through integration with logistics, business processes as well as with accounting sub ledgers of other finance modules such as accounts payable, accounts receivable, cash management, GL provides a central pool of accounting data required for financial reporting (including statutory reports) and other purposes. One of the important functions of GL is real time updates of sub ledger, thus eliminating time-consuming reconciliation. GL also provides summarized data for use in planning, control and reporting. The important components of GL are:

– GL master data set up.

– GL integration set up with logistics modules.

– Period and year closing.

Integration with other modules is easy and generally recommended.