Accounting | Financial Management
Ledger Setup
The rules the ledger runs on, configured once and applied everywhere.
What it does
Inside Ledger Setup.
The accounting policy is visible as settings, so a treatment can be checked without reading a developer.
01
Rate types for daily pricing, closing revaluation and consolidation translation
02
Fiscal calendars and periods per ledger, with the year each one belongs to
03
Journal templates and settlement tolerances that decide when a difference is written off
04
Intercompany pairs and consolidation groups defined as configuration
Where it sits
Part of Accounting.
General Ledger A ledger per entity, posted continuously and open to the source. Chart of Accounts A group chart that every entity maps into without losing its own. Journal Entries Manual entries that carry evidence, approval and a reason. Fixed Assets Capitalisation, depreciation and disposal tied to the purchase that created the asset. Financial Close A close checklist that knows what is already done. Consolidation Group numbers built from entity postings, with eliminations shown. Opening Balances The balances you arrive with, posted to the ledger and held against it. Depreciation Runs A period charge drafted, reviewed and posted per book, never keyed by hand.
Run Ledger Setup against your books.
A working session on your structure and a month of your documents.