General Ledger Management
A general ledger represents the record-keeping system for a company’s financial data, with debit and credit account records validated by a trial balance. It provides a record of each financial transaction that takes place during the life of an operating company and holds account information that is needed to prepare the company’s financial statements. Transaction data is segregated, by type, into accounts for assets, liabilities, owners’ equity, revenues, and expenses.
Financial transactions in ERPSirius are automatically posted to ledgers. General Ledger Management in ERPSirius has the following sub-modules.
- Journal Entry
- Bank Reconciliation
- COA Management
- Daybook Management
- Balance Sheet Management
- Profit & Loss Management
- Fixed Assets Management