Introduction to the General Ledger

The General Ledger application is the main software that an accounting department uses to monitor, update, report, and analyze all accounting activities. All other systems, including teller processing and lending, interface to the general ledger.

Accounting activities are controlled to a great degree by how you configure other applications (such as teller processing, ACH, and lending). Configuration of these products dictates the nature of the activity in the accounting department.

This section includes detailed information on many different General Ledger (usually abbreviated G/L or GL) processing features, including:

• Creating and posting Journal Entries

• Creating and maintaining the Chart of Accounts

• Creating and maintaining a Budget

• Configuring and printing Financial Reports

• Configuring a Financial Report

  • Printing Financial Reports

• End-of-Month and End-of-Year processing

• Tools for daily General Ledger balancing and verification:

• Verifying DailyVault Activity

  • Verifying Daily G/L Activity

... as well as various inquiry screens, statistical reports, and much more.