General Ledger at a Glance |
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General ledgers are the core of the business accounting structure, and play a major role in how the business operates. The way a general ledger is set up can reflect exactly how the business is running in financial reporting at any point in time. If the general ledger is set up incorrectly, it can cause problems later on, and there are certain areas within the general ledger that cannot be changed once there are entries.
It is advisable to seek help from the company's accountant when setting up the general ledger.
Right click on any general ledger account to bring up the Account inquiry option. Selecting this option will run an account inquiry using that account number. Selecting Budget will open the Budgets screen from Management on the ribbon.
It is easy to edit the layout of the general ledger by clicking Edit Layout, choosing what to change, then using the green up and down arrows to move it.
Further information Automatically Calculated Accounts Edit the General Ledger Layout |