General Ledger

Balance Sheets

Capital Statements

Chart of Accounts

Income Statements

Profit Loss Statements

Trial Balances

        Budgeting

        Journal Entry

        General Ledger / Job Costing Interface.

 

Definition of General Ledger

 

Central accounting data for organization. General Ledgers is summary information that are reflected as transactions and are posted during an accounting period.  The general ledger is also the basis for financial disclosures in the reports filed with banking agencies, stockholders and other external organizations.

By re-viewing such reports as Profit and Loss Statements, Balance Sheets and Trial Balances one can see the what is being spent and what is being made on different accounts.  General Ledger has more generalized information than Job Costing.  General Ledger reports on overall debits and credits while Job Costing modules display more detailed information such as order expenses  and order income on all different aspects of the manufacturing or construction jobs.