The General
Ledger (GL) application is the foundation for
a full-featured accounting system. The GL receives
journal entries from- the Subledgers and has an
open interface for incoming journal entries from
other systems.
Although not strictly part of the GL application,
the Application Desktop Integration (ADI for GL
enables you to perform reporting, journal entry,
and budgeting functions while using an Excel spreadsheet
interface. The GL application provides you with
the following major business functions:
-
The capability
to create, change, approve, reverse,
and post manual and electronic actual,
statistical, and budget journal entries.
-
The capability
to create and update budgets.
-
The capability
to establish budgetary control and online
funds checking.
-
Accounting
for multiple companies.
-
Financial reporting
writing through the Financial Statement
Generator (FSG) and the Application
Desktop Interface (ADI).
-
Fiscal calendar
and chart of accounts maintenance.
-
Currency transactions,
conversion, translation, and revaluation.
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