General Ledger

The General Ledger system is operated on the basis of all periods being open with security being applied to both backdated and forward posted journals. The system provides integrity by making sure that fully balanced double posting is maintained. In addition, the ledger code structure is flexible and allows the user to define multiple, variable sized elements within the ledger code to provide a structured code for flexibility and ease of reporting, and allowing adaptation to most existing ledger structures where an existing code structure needs to be maintained.

All subsystems allow for entry of full or partial ledger account numbers at various levels such that the subsystem passes a fully coded and complete Journal depending on the users requirements. Both manual and automated journal postings from the other sub-systems can be posted on any basis for monthly accrual to the ledger accounts, and can be supported with a journal listing of source documents to support the posting when the automated journals are used. Standing journals for defined amounts and percentage distributions can be maintained within the system to ease data entry and speed processing time.

Multi level support statements can be built to support any single account figure in the balance sheet or any other statement with any number of accounts within that statement level so that complex manufacturing, trading and profit and loss statements on branch and divisional basis can be easily accommodated by the system.

With all periods being open, new year financial reports are able to proceed even though auditing etc. preclude the completion of previous periods for any number of months. The result of any postings to previous periods if allowed to flow through the ledger system, even though these postings may be posted to a previous financial year.