General Ledger

The General Ledger application will receive automatic journal entries from the daily sales journal, daily cash receipts journal, daily expense distribution journal and daily cash  disbursements journal.

 All standard journal entries will be maintained in a file which will update general ledger with detail transactions each month.

The general ledger application will maintain an audit trail of all transactions each month. A general ledger detail transaction report will be available at the end on each  accounting period or at year end.

The general ledger application will also provide the ability to enter manual journal entries into the system. This procedure will be interactive and will allow the operator to  balance debits and credits for each journal entry prior to proceeding to the next journal entry.