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.

Note: 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.