General Ledger Menu

 

This screen allows you to:

Select a General Ledger option to perform.

Before you begin:

Choose the General Ledger option from the Accounting Menu.

Detail information for the reports on this menu is not discussed here. 

The General Ledger section of the Concepts chapter is a good reference for an overview of how the general ledger works.

If you are unfamiliar with double-sided entry accounting it is advised that you seek assistance from your accountant on the setting up and usage of your general ledger.

 

Item descriptions...

 

Create New Journal Entries:

This option allows you to post double-sided journal entries into the general ledger.

 

Edit Existing Journal Entries:

This option allows you to change a previously entered journal entry.

 

Create Check Entries:

This option allows you to post manual check entries into the general ledger.  A double-sided entry will be posted to the general ledger and an entry will be made into the check register.

 

Trial Balance:

This option allows you to print a trial balance of the general ledger.  The trial balance is a listing of journal entries for a requested time frame.

 

Advanced Reservation Ledger:

This option allows you to print detail information for advanced payments held.

 

Reconcile Bank Account

This option reconciles your RMS cash in bank account with the ending bank statement balance that you enter. 

 

Post Transactions:

This option allows you to post the months transactions to the general ledger accounts.

 

Unpost Transactions

This option allows you to unpost transactions within the date parameters entered.

 

Income Statement:

This option allows you to print an income statement for the period.  The income statement shows the company’s expenses, income and net profit/loss.

 

Balance Sheet:

This option allows you to print a balance sheet for the period.  The balance sheet shows the assets, liabilities and equities of a company.

 

Close Accounting Period:

This option allows you to close out an accounting month or year.

 

Reopen Closed Accounting Period

Select this option to reopen an accounting period that was closed.

 

Import GL Transactions

 

Export GL Transactions