GL Accounts
GL Accounts hold your chart of accounts. All the accounts in the system that can be used to credit or debit in journal entries.
GL Account Features
GL Accounts are used to record all GL Postings in the system either created automatically or manually through Transactions.
All journal entries can be reported on using our reporting tools, and through GL Rollups.
Classifications
Each GL Account can have an associated category name for each GL Classification setup in the system. This is where the real power of our GL Reporting comes in to play. Through GL Rollups you can report on your GL in as many different ways as you like through the multiple classifications each GL Account can have.
Tip
For instance you could have classifications for IFRS, US GAAP, and any other accounting standards your external auditors maybe using for reconcilliation.
Views
GL Accounts use the following views:
