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General Ledger

The General Ledger is the central ledger for a company, where accounts, journals, and financial reports are created and maintained. You use the General Ledger to post journal entries, create budgets, and more. Other Sage Intacct subscriptions automatically post transactions to the General Ledger in real-time.

Use the General Ledger to:

• Create and maintain any number of journals and adjusting journals, including statistical journals and their adjusting counterparts.
• Add, modify, reverse, delete, and post transactions to a journal.
• Create normal General Ledger accounts and statistical accounts. Statistical accounts enable you to generate metrics such as revenue per employee.
• Create account groups to use in financial reports and graphs, and in the General Ledger to roll up and organize individual accounts into larger categories.
• Create templates for non-accounting users to enter General Ledger transactions without having to deal with the intricacies of account numbers, departments, and locations.
• Create and fine-tune budgets. Budgets can be very general (by account with all departments/locations), or by any account-department-location combination.
• Define accounting sequences by entity and year if your locale requires it (multi-entity companies).

Other features of the General Ledger include standards-compliant double-entry accounting, true closing of the books, and flexible tracking of GAAP, tax, and other adjustment entries.