General Ledger

Highlights
• Allows budgeting by month of income and expense items.
• Statement of changes in financial position.
• Handles multiple accounting periods open at one time.
• Provides for recurring journal entries, such as prepaid expenses.
• Handles prior period adjustments.
• Accumulates month-to-date and year-to-date detail files allowing simple auditability.
• Allows for printing "interim" and "trial close" financial statements for accounting periods before closing previous months.
• On-line account balance inquiry/list.
• During year-end close, automatically summarizes income and expense accounts to retained earnings accounts.

Provides the following reports:
Monthly Transaction Split/Balance
Detail General Ledger
Balance Sheet (this year and prior year)
State of Income and Expense (comparing this month/year to last month/year and to budget)
Departmental Statement of Income and Expense
Year-to-Date Detail General Ledger (for specific accounts or all accounts)
Chart of Accounts
Prior Period Adjustment Register.
Journal Entry Register
Recurring Journal Entry List
Recurring Journal Entry Register
Budget Report