General Ledger (GL)

Read documentation about the General Ledger (GL) portion of the Business module.

Articles

Assigning a Profit & Loss (P&L) Closing Account
During the year end final close process, one of the processes involves rolling the Profit and Loss account balances into Fund Balance accounts, so at the beginning of the new fiscal year, all P&L Accounts will reflect zero balances.
Closing an Accounting Year End
Overview Quick view of the year-end closing process:   Make sure all of your income and expense accounts have a closing account, either the default from the closing account set at the Fund level or overrides at the income and expense account...
Creating a Recurring Journal Entry
Step-by-Step Find the Journal Entry that you would like to create Recurring JE’s for and navigate to the  General tab. Enter in the number of recurring Journal Entries you would like to create in the Number Recurring JE  field. ...
Generating GL Detail Reports
This article provides documentation on creating, saving, and running General Ledger Trial Balance Detail reports.
I posted quite a few AR Invoice Items to the wrong GL Account, how can I update the GL account on the Journal Entry?
GL Accounts can't be updated for the original Journal Entry, however, you can make a formal adjustment so the CR GL Account  on the AR Item is now correct.  Navigate to the Adjust tab of the Invoice Header record; Select Tentative...
Should the Tuition Deposit Catalog Item and the Tuition Catalog Item reflect the same GL Account?
For the Tuition Deposit and Tuition Catalog Items, we suggest that they reflect the same Revenue GL Account in most cases.   For example, your school's Tuition is 30,000 and you collect a 1,000 deposit.   If your system is confi...