Introduction to the general ledger

The general ledger controls all financial activity of your organisation.
The activity is stored in journals that are posted:

  • from programs including debtors or creditors
  • directly to the general ledger through a journal entry.

The general ledger is updated as soon as a transaction is completed.

Payroll and general ledger journals update the general ledger when you update the posting.

The key functions of the general ledger program are:

  • create, modify and delete general ledger codes and accounts
  • maintain general ledger code descriptions
  • view account balances and transaction postings
  • maintain budgets and budget allocations
  • process journals
  • trial balance, balance sheet, period and management reporting.