Arrow Financials – General ledger

The General Ledger is an integral part of the system. But can also be run stand alone if required. The update to General Ledger although automated, the timing of the update is controlled by the operator. This provides complete control over the integrity of the data being updated.
The General Ledger has been designed to include a Report Writer. This allows the operator enormous flexibility in the way results can be reported.

Features

Trial Balance allows option to consolidate sub accounts.
Reprint reports for any period last year or this year.
Facility for up to 13 periods.
Inquiry drill down to source documents.
Ability to copy existing Chart of Accounts to different sub-accounts or cost center, and ability to copy to another company.
Fully integrated to other modules, or can run stand alone.
Journals can be posted to any period this year or last year.
Ability to enter budgets for this year, next year and last year allowing forecasting reporting in G/L report writer.
Allows for prior period posting to any period last year or this year.
Accruals can be automatically reversed after roll over into the next period.
Standard reports can be generated, or the Report Generator can be used to create special reports, including wild cards.
Ability to search for G/L account by description.
Account numbers and names can be printed on financial reports.
Standing journals can be created for automatic processing.
Screen inquiry of General Ledger accounts, by transaction type. System allows operator to view Old, Future or All transactions.
System allows for Sub accounts.
Actual, Budget and Last Year comparisons by period and year to date.
Ability to handle link accounts.

General Ledger Reports

Trial Balance listing.
Periodic Profit & Loss.
Chart of Accounts listing.
Transaction listing.
Other Ledger Report.
Standard Balance Sheet report.
Report Writer.
Budget listing.
General Ledger report.
Funds statement.
Standard Profit and Loss report.

General ledger Benefits

Report Writer ensures flexible management reporting.
The General Ledger is important in that it brings together all the subsidiary ledgers, and ensures that the system is in balance.
Highlights differences to budget for revenue and expenditure accounts, so further analysis can be done.
Provides the profit and loss statement of the company, together with an analysis of the company’s assets and liabilities in the form of a balance sheet.
Provides comparison with the Budget figures.

Integrated Solution

The general ledger module has integration links to the following Arrow Financial Modules:
Cash Book
Payroll (Australia Only)
Creditors
Stock
Bill of Materials
Fixed Assets
Debtors
Job Costing
Purchase Orders