Accounting General Ledger Software
Reviews and Ratings
The general ledger application is the financial backbone of the Financial / ERP software package and must interface well with all its modules and accounting functions. It maintains financial information in addition to budget information and transaction history; it is the repository of accounting information from all other modules, such as Accounts Receivable, Accounts Payable, Purchase Orders and Payroll. It also maintains the balance of inventories and inventoriable costs (e..g. work in process) based on costing from a manufacturing application.
Thus, it is important that the general ledger has accessible and flexible databases to maintain all of this information. It is also important that the general ledger and subsidiary ledgers stay in balance to maintain accounting integrity – for example, that the total of all accounts payable open items equals the accounts payable general ledger balance. General ledger modules work with Report Writing applications, such as Crystal Reports or MS Reporting Services, to produce traditional financial statements such as an Income Statements, Balance Sheets plus customized reports.
International companies may require foreign currency capabilities when foreign entities using other currencies must be consolidated or when purchases and payments involve different currencies.
Here are some of the important functions to keep in mind when evaluating General Ledger:
For comparisons of different accounting software products, download the free Accounting Software Selection Kit.
Accounting Software Selection Kit
Free 15-minute call to discuss options with software expert Sheldon Needle
Talk to the Expert