eDataMax

General Ledger

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  • Automatically maintained periods, reporting over any range of periods – no “rollovers”.
  • Balance Sheet and Profit and Loss Statements
  • Reporting against budget
  • Inquiry on any account over any period.
  • Posting journals into any number of periods ahead or periods before.
  • Reversing journals.
  • Automatic posting – no separate process to run to post general ledger transactions.
  • Extensive narrative on journals created by sub-ledgers (AP/AR).
  • Accounts can be grouped using relational methods ie flagged as a member of user definable account groups - rather than the old chart of accounts numbering structure.
  • Account groups can be nested so hierarchical structures can be accommodated - detailed profit and loss, balance sheet and trial balance all use account group structures to display reports.
  • Posting to prior periods can be disabled based on transaction date to prevent prior periods being changed.