General Ledger
The General Ledger is the one place where all of a company’s financial transactions are recorded. It is the foundation of financial management in the ERPNext Accounting module. Recording, organising, and protecting financial data it makes sure that each debit and credit is accurately reflected in all accounts. In addition to maintaining track of routine bookkeeping, this master record is needed for audits, compliance, and financial reporting.
Businesses can use ERPNext’s General Ledger, which updates in real time, to:
- Keep your books of accounts open and correct.
- Keep a close eye on your cash, payables, and receivables.
- Use system controls to keep your finances in check.
- A permanent record of each activity will make sure that people are held accountable.
- Make detailed reports to help with compliance with rules and making decisions.
Key Features:
- Journal Entry Template
- Journal Entry
- Accounting Entries
- Freeze Accounting Entries
- Supplier Ledger Summary
- Customer Ledger Summary
- Discount Accounting
- Immutable Ledger
