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The general ledger integrates monetary flow from every aspect of your business and controls financial activities. Information from the general ledger is linked to the accounts receivable, accounts payable, payroll and order costing functions, which are sub-ledgers. Daily postings in these sub-ledgers can be made immediately or on a delayed basis. Since information is shared across all functional areas within Made2Manage, you can significantly reduce manual journal entries.
The general ledger’s flexible account structure lets you set up your account numbers to match the way you do business. With account numbers up to 25 characters long (alphanumeric characters and separators), you can set up an account number’s segments to refer to the account itself, the company, a division, a location, a department or even a cost center. You get the necessary level of detail without losing sight of the big picture.
Rich capabilities are available for organizing your financial information in the general ledger. The general ledger enables you to define group and subtotal headings on categories within a group and create financial reports with subtotals for each group. You can group and subtotal account types to create a broader grouping, with accounts from different categories such as liabilities and expenses. Robust features include unlimited accounting years and current, previous and future fiscal years. Multiple accounting years can be open at the same time, with journal entries and sub-ledger transactions posting to any open period. You also can post to a new fiscal year before you finish adjusting the previous year.
Because Made2Manage can be used to run more than one company, the general ledger lets you consolidate financials from all of your companies for a unified financial statement, while keeping the individual company’s general ledgers intact.
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