Enterprise Systems Inc

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General Ledger

General Ledger
The General Ledger system is designed for all companies ranging from small businesses to large corporations. Through user formatted financial statements and consolidation features both single and multiple level reporting is available. User formatting also allows existing account numbering schemes to be used.

System Features

  • Thirteen individual journal files are maintained (one for each accounting period), allowing multiple periods to be open at one time. Period thirteen may be used specifically for auditor’s adjustments.
  • The prior year’s general ledger can be kept open for closing entries while the current year’s transactions are being entered.
  • Activity for all or specified accounts can be printed or displayed on the screen, for a given period, or the entire year.
  • User formatted financial statements in account numbering, report sequence, headings, and totals.
  • Financial statements can be printed with varying levels of detail to be determined at the time the report is run.
  • Recurring entries can be stored within the system and posted automatically.
  • Financial statements can be printed or displayed on the screen, with comparisons to any of the prior four years and budget figures by the current period, quarter-to-date, and year-to-date.
  • Income and expense accounts are automatically closed to a user-determined retained earnings account.
  • Financial statements can be run at any time during the month to give an up-to-date view of the business.

Key Reports

JOURNAL LISTING – Prints or displays journal entries for a selected period in the order entered. A range of entries can be printed to aid in balancing.

G/L AND ACTIVITY – List all activity for a specific or range of general ledger accounts. The report can be printed or displayed for a single period or range of periods, displaying the beginning balance, activity, and ending balance.

TRIAL BALANCE – List specific or range of accounts, indicating the net change to the account for the period, as well as the balance at the end of the period.

FINANCIAL STATEMENTS – Allows the operator to completely format their balance sheets, income statements, expense statements, or subsidiary ledgers. Multiple formats can be created to allow statements by individual cost centers, departments, divisions, locations, etc. The statements may be printed or display at any level of detail or summary.