General Ledger
This section describes the fields and descriptions on the General Ledger report.
The General Ledger report provides details on all postings done when you select a specific fiscal period or interval of fiscal periods. It provides the opening balance, posted entries, and closing balance for each account.
This report can be accessed as a standalone report, or from the Balance Sheet report.
You can display amounts in account, company, or enterprise currency, or using a selected reporting currency. Amounts are grouped by currency, company, and account.
Note: The year-period restrictions provided in the report vary according to fiscal periods. If you are working with odd fiscal years, these restrictions are different from the year-month restrictions applied in the corresponding Maconomy client report because that report works in calendar months.
| Column | Description |
|---|---|
| Entry | This column displays the date the finance entry was created |
| Posting | This column displays the date the finance entry was posted. |
| Transaction No. | This column displays the transaction number of the transaction to which the finance entry was posted. |
| Type | This column displays the transaction type of the transaction to which the finance entry was posted. |
| Entry Text | This column displays the entry text of the finance entry. |
| Journal No. | This column displays the journal number of the journal to which the finance entry was posted. |
| Opening Debit | This column displays the closing debit from the previous fiscal period. |
| Opening Credit | This column displays the closing credit from the previous fiscal period. |
| Opening Balance | This column displays the opening credit for the current fiscal period. It is calculated as the Opening Debit amount minus the Opening Credit amount. |
| Debit | This column displays the debit transactions for the selected fiscal period. |
| Credit | This column displays the credit transactions for the selected fiscal period. |
| Balance | This column displays the total balance for the selected fiscal period. It is calculated as the Debit transactions minus the Credit transactions. |
| Closing Debit | This column displays the total closing balance for the selected fiscal period. It is calculated as the Opening Debit amount plus the Debit transactions for the selected fiscal period. |
| Closing Credit | This column displays the total closing balance for the selected fiscal period. It is calculated as the Opening Credit amount plus the Credit transactions for the selected fiscal period. |
| Closing Balance | This column displays the total closing balance for the selected fiscal period. It is calculated as the Closing Debit amount minus the Closing Credit amount. |