The General Ledger: Your Financial Hub

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.

What is General Ledger Software?

General Ledger modules are designed to streamline a company’s entire financial structure—from maintaining account charts to controlling financial periods, assets and liabilities, and more. At Acumatica, we’ve uniquely fine-tuned this concept.

Bring your financial information under one umbrella with Acumatica Cloud ERP’s innovative, user-friendly General Ledger module. Fully integrated with the rest of the Acumatica suite, our GL software will give you instant, company-wide access to critical financial data, with flexible, comprehensive reporting and analysis for ledger accounts, income, expenses, and assets.

Key Benefits of General Ledger Software for your Company

  • Improved Control: Gain precise management over account structures and data security.
  • Enhanced Insights: Access real-time data for superior reporting and analysis.
  • Increased Efficiency: Automate tasks, minimize data entry, and streamline processes.
  • Data Accuracy: Reduce errors, ensure compliance, and maintain reliable financial records.
  • Global Operations Support: Seamlessly handle multiple currencies and flexible financial periods.
  • Accelerated Processes: Speed up approvals and consolidate financial data rapidly.

Important Features of General Ledger Software

  • Configurable Accounts: Structure GL and sub-accounts for tailored reporting.
  • Secure Access: Control data access with role-based security and restricted "on-the-fly" entry.
  • Flexible Reporting: Gain insights with multi-dimensional financial reports (e.g., by product, department).
  • Consolidated Reporting: Combine data from multiple entities, regardless of currency or structure.
  • Advanced Financials: Design and publish financial statements to web, Excel, or PDF.
  • Flexible Periods: Customize financial periods, override dates, and adjust account types.
  • Multi-Currency: Manage transactions and balances in various currencies.
  • Budget Management: Create scenarios, control access, and utilize approved budgets.
  • Efficient Data Entry: Add sub-account segments on-the-fly for complex reporting.
  • Split Transactions: Divide transaction amounts across different accounts or branches.
  • Automated Allocations: Distribute GL balances based on predefined rules.
  • Journal Approvals: Customize and automate journal entry workflows.
  • Drill-Down Access: Instantly view original documents from any inquiry or report.
  • Reversing Entries: Easily reverse or auto-reverse GL transactions.
  • Recurring Transactions: Schedule and manage repetitive income and expense entries.
  • Audit Trails: Maintain a complete, unalterable record of all transactions and user IDs.
  • Cash Basis Accounting: Record revenue and expenses when payments are received or disbursed.
  • Error Prevention: AI-powered anomaly detection and date validation ensure accuracy.
Product:
General Ledger Software
The Acumatica General Ledger is fully integrated, meaning entries made in other modules automatically feed into your GL, ensuring a seamless and accurate flow of information.
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