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General ledger

The chart of accounts, journal entries and the ledger structure everything else in finance posts to.

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General ledger, explained.

ERP What is a Bank Reconciliation Statement? Format, Steps and Example A bank reconciliation statement (BRS) explains the gap between the cash book balance and the bank statement balance on a date, item by item, until they agree. Dhatri Medarametla 3 min ERP What is ERP? Meaning, Modules and Examples ERP (enterprise resource planning) is software that runs finance, procurement, sales, inventory and reporting on one shared database, so teams share records. Dhatri Medarametla 2 min AP What is Accounts Payable? Meaning, Examples and AP vs AR Accounts payable is the money a business owes suppliers for goods or services received but not yet paid. See the meaning, AP vs AR and the journal entry. Dhatri Medarametla 3 min ERP Month-End Close Process: Steps and Checklist The month-end close is how finance records, reconciles and reviews a month so the books can be locked. Steps, a GST and TDS checklist, and a close calendar. Dhatri Medarametla 3 min ERP What is a Chart of Accounts? Structure, Types and Example A chart of accounts is the numbered list of every ledger a business posts to, grouped into assets, liabilities, equity, income and expenses, with a sample. Dhatri Medarametla 3 min
Glossary

The terms you will meet.

Financial reporting Accrual Accounting Recording revenue when you earn it and expenses when you incur them - not when cash moves. The accounting standard every Indian company must follow. Also called accrual basis of accounting, accrual method, mercantile system of accounting
See it in the product

General ledger, in the product.

Financial OperationsAccounting SoftwareGeneral ledger, chart of accounts, journal entries, period close and Schedule III financial statements. The core books every other module posts to.Accounting SoftwareChart of AccountsMulti-entity COA mapped to Schedule III, Ind-AS, IFRS. Inherit and override per entity.Accounting SoftwareJournal EntriesManual JEs, recurring templates, reversal entries. Period-locked posting with approval routing.Accounting SoftwareFinancial StatementsP&L, balance sheet, cash flow generated from the ledger. Schedule III layouts. Drill from line to source.DomainFinancial ManagementAccounting, Accounts Payable, Accounts Receivable, Banking and Cash, Tax and Compliance, Financial Reporting