An Efficient Financial system is a need of every company today. WorldofTrade.com presents 'General Ledger' module to its premium members in order to automate the process of their financial transactions. The General Ledger module comes with a simple, logical and intuitive area for journal entry processing based on Double Entry Accounting System, reporting and forecasting. It also gives an option to customize company 'Chart of accounts' on various factors to denote the branch / regional offices, cost centers and currency using multiple segments in account numbers
General Ledger Security Mechanism is based on User Id \ Password and 'Role based Access' mechanism. A particular user can only use those features of the system which have been assigned to him by the Administrator. Furthermore, all sensitive information during transmission is encrypted and is well secured. The crux of the matter is that all business activities running within an organization are reflected in the General ledger.
Key Features of General Ledger
- Flexible Chart of Account Structure.
- Branch, region, currency and others are represented by segments in account codes.
- Unlimited segments in account code.
- Branch Accounting.
- Accounts Voucher.
- Caters different types of Vouchers such as Cash Payment voucher, Bank Payment voucher, Cash Receipt Voucher, Bank Receipt voucher, Petty Cash Voucher, Journal General Voucher.
- Digital voucher approving process.
- Bank and Cash Book Management.
- Reversal Entries for accounts voucher.
- The segments symbolize cost centers, departments and branches.
- Creation of alphanumeric account number.
- Multiple accounts' level defined in chart of account.
- Option to use multiple characters in each segment.
- Direct and In-direct voucher posting.
- Produce periodical comparative statements.
- Send financial statements delivered via email.
- Maintenance of complete transaction history.
- Approval of voucher/transactions.
- Edit & Delete vouchers.
Key Benefits of General ledger
- One window operation
- Web financial/central point
- Provides real-time financial visibility
- High definition Email Reporting
- Highly secured & Reliable
- Linked account for information sharing
- Immediate financial reports
- Excels in ROI and business intelligence
- Easy decision making
Some of the financial reports are listed below:
- Trial Balance
- Statement of Account [Account's ledger].
- Cash Book.
- Bank Book.
- Voucher Listing.