The General Ledger software encompasses the financial elements of the suite for each entity defined within the Legal Accounting software as well as other entities that can be defined independently.
The system is designed to meet the needs for both management and annual reporting and features a user modifiable master chart of accounts that is used to build a specific client’s (entity) chart of accounts. Each account code allows for a maximum size of 7 characters and is categorised in different chart types depicting how the chart functions in standard reports.
The systems allow for:
Data Entry / Processing allow the entry of transactions
Journals, cash receipts and payments
Variable percentage figures
Automatic journal posting from other software
Fixed asset system
Plant register/Depreciation schedule