Accounting and Financial Close - Group Ledger IFRS

General Ledger Accounting provides a comprehensive overview of external accounting and accounts and supports parallel accounting.

General Ledger Accounting serves as a complete record of all business transactions, providing a centralized, up-to-date reference for the rendering of accounts. Actual individual transactions can be checked at any time in real-time processing by displaying the original documents, line items, and transaction figures at various levels to support parallel accounting. These transactions include:

Manage Journal Entries, Post with Clearing for Ledger Group, Run Automatic Clearing Specific to Ledger Groups, Trial Balance Comparison, and Financial Statement Ledger Comparison.

Key Process Steps Covered

  • Manage journal entries
  • Maintain accounts: Automatic and manual clearing to ledger group
  • Perform day-end, month-end, and year-end closing

Benefits

  • Record all business transactions to ensure complete and accurate accounting data in parallel accounting