General Ledger

What is the General Ledger?

The Moveware General Ledger system complies with the standard double-entry method of book keeping. It is a highly configurable and flexible system that can be set up to accommodate a wide range of company chart of account structures. Although there is only one General Ledger Account, it can be assigned to multiple companies, branches, and cost centers.

The General Ledger (or Chart of Accounts) is an optional module of Moveware and is activated by specific system parameters. Once activated, the General Ledger is automatically updated with Customer, Supplier, and banking transaction information, in addition to payroll information in Australia.

Trading periods are created during the General Ledger setup for each financial year and corresponding month. Once a Chart of Accounts has been set up by your Moveware System Administrator, specific accounts can be selected for inclusion in Custom Reports. The budget information and opening balances for each account can also be entered at this stage.

Transactions within Moveware are recorded with General Ledger Journals. Journal entries are automatically entered and maintained for the following modules in Moveware:

• Customers

• Suppliers

• Banking

• Payroll

General Journals may also be created manually for miscellaneous transactions and adjustments to the General Ledger.

For further information on setting up and using the General Ledger, refer to General Ledger Setup, General Ledger Inquiry, General Ledger Journals Records and General Ledger Reports.