General Ledger

The General Ledger is the overview of your entire business's financial picture. Using the following tools, you can manage your business finances via the same program that controls your inventory. No inporting and exporting necessary!

Withdrawals List

Enter any non-merchandise expense, such as insurance, payroll checks, or rent. Record the following information per withdrawal:

Date of payment
Check number of payment
Payee
Category/type of payment
Amount
Date cleared

Deposits List

Review all deposits made through Accounts Receivable and record which deposits were made through your bank for the purpose of reconciling your bank statements.

Categories Table

Define expense and deposit types for use on your Withdrawals and Deposits lists. You define:

Type of transaction - expense or income.
Category ID - "Insurance", "Shipping Costs", "Refund" etc.
Category Description - the full description of the category ID.
Group type - office expenditure, sales related transaction, etc.
Whether the transaction is taxable - Yes/No

Reconciliation Form

This form calculates your total bank balance based on entries marked in the Withdrawals and Deposits lists. Enter the statement date, starting balance, and ending balance of your latest statement and begin the calculation. If there is a discrepancy between your the statement balance and the calculated balance, the module suggests what might have caused the discrepancy and by how much you are off.