The General Ledger (GL) is the primary accounting record for a business. It tracks all financial transactions and is used to generate the company’s financial statements, including the Income Statement and Balance Sheet. The GL summarizes the organization’s various financial accounts and transactions, such as accounts receivable, accounts payable, fixed assets, and inventory.
How General Ledger Software Can Work for You
General Ledger maintains the charts of accounts and controls financial periods, ledgers, allocations, assets and liabilities, and more. GRP’s GL management system is integrated with other modules, giving you instant access to timely, accurate financial data.
Bring your financial information together in GRP’s General Ledger (GL) module. Fully integrated with the rest of the GRP suite, the GL system gives instant access to mission-critical financial data with comprehensive and flexible reporting and analysis of ledger accounts, income, expenses, and assets.
Key Benefits of General Ledger for your Business
Control Your GL Account and Sub-Account Structure
Define the structure of your GL system accounts and sub-accounts. Organize your reporting and analysis configuration by defining segments, segment lengths, and segment values.
Create different views of your data, or dimensions, using GRP subaccounts. With GRP subaccounts, nearly unlimited reporting dimensions are available to slice financial reports by product, department, or any user-defined segment. Consolidated and summarized data can be displayed in the monthly, yearly, and quarterly views.
Protect Your Data
Control roles and access permissions by account and sub-accounts to protect sensitive data and improve accuracy. Limit “on-the-fly” sub-account entry to specific sub-accounts based on pre-defined combinations of segment values.
Streamline GL Consolidation
Combine data from multiple entities for consolidated reporting and analysis, different currencies or different account structures notwithstanding. Adjustments for minority interests, inter-company transfers, and other transactions are preserved to avoid duplication.
Additional Features of General Ledger
Advanced Financial Reporting
Design financial statements using sub-account segment structure and configured hierarchy. Publish reports on the web or distribute as Excel or PDF files.