GENERAL LEDGER

• supports current year, previous year, and budget data for each account for each period

• a complete detailed audit trail is maintained for all changes to any account, producing a comprehensive report for any range of accounts upon request

• reversing entries can be input for automatic reversal in the next period

• a detailed Trial Balance provides summary information by account as well as verifying the correct balancing of the system

• recurring transactions can be setup in a standing journal, for monthly automatic application transfer of summary data, followed by review journal, then automatic update

• current and prior year information retained for preparation of comparative statements