| 1. | Creating general journal entries - The General Journal option is used to post any entries that cannot be posted through any of the other modules. The types of entries that might be posted in the general journal would include depreciation, over/under billing totals, miscellaneous adjusting entries, etc. This option is also used to establish the beginning balances in the Job Cost module. |
| 2. | Reconciling the bank statements - The monthly bank statements for each bank account may be reconciled using the Bank Reconciliation option which will handle outstanding checks from both the Payroll and Payables Systems as well as outstanding deposits from the Receivables System. A worksheet can be printed to assist you in reconciling other areas of the system to the general ledger on a month basis. |
| 3. | Creating post closing journal entries - If any adjustments need to be made to the prior fiscal year, then the adjustments are posted through the Post Closing Journal option. |
| 4. | Printing ledger reports - There are currently eleven reports available in the Ledger Reports menu option including the Financial Statements option which is used to create and print custom designed financial statements. The detail (historical) reports may be printed at any time for any period and with a variety of options. Some of the reports, including the financial statements, may only be printed for the current fiscal year as determined by the system dates in the System Administrator. |
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