The General Ledger (G.L.) (also known as the 'Nominal Ledger') is where transactions from the two Subsidiary Ledgers (Accounts Receivable/Debtors and Accounts Payable/Creditors) are consolidated to provide accurate reporting and analysis.
There are standard G.L. Reports available from Menu > Reports > Financial Reports:
- G.L. Trial Balance
- G.L. Transaction Ledger
- Suspense Account
- Future Transactions
In addition, there are two reports available in Excel format (for both hosted and onsite clients) which allow users to "write" their own Financial Analysis and output a Standard P&L and Balance Sheet:
- NXGeneralLedgerV1
- NXFinancialAnalysisV1
The Tourplan Accounting Module (see Accounts User Manual) has detail of processing Standing Journals and other G.L. processing functions.
General Ledger Journal entry procedure can be found in the Accounts 2 User Manual.