General Ledger
General Ledger is where you manage, create, and edit your transactions, including:
- Managing your chart of accounts
- Searching for posted transactions
- Viewing journal entries, including postings and eliminations
- Booking vouchers, time, material, WIP adjustments, sales invoices, job closures, and cross-company creditor invoices
- Setting up or editing your annual financial budget, including budgets by dimension
- Forecasting your cash flow on a weekly or monthly basis
- Managing your net revenue forecast by client
- Viewing key financial reports such as your balance sheet, profit & loss statement, and trial balance
To perform these transactions, you must have access to Finance & Administration as defined in the User Access Rights submodule under Settings.
- Related Topics:
- Chart of Accounts
Chart of Accounts is the list of general ledger accounts. You can change the view using the drop-down menu at the right end of the grid toolbar. - Journals
You create, view, and edit journal entries in the Journals submodule. You can add more journal types in . There are existing standard options in WorkBook – daily, salaries, and cash receipts - but you can edit these or add your own. - Project Postings
The Project Postings submodule accounts for the majority of all journal entries (project postings) to the general ledger. These entries include vouchers, time entries, materials, WIP adjustments, sales invoices, job closures, and cross-company creditor invoices. - Posting Search
The Posting Search submodule enables you to search for transactions by description, voucher date range, or posting date range. The Search field enables you to search with selected lines highlighted if set up under My Settings. - Financial Budget
The Financial Budget submodule enables you to approve, create, copy, and edit budgets by fiscal year. Budgets can also be by dimension so that you can easily compare budgets to actuals at a more granular level. - Cash Flow Forecast
The Cash Flow Forecast submodule is a powerful tool for accurate, short-term cash flow forecasts. Cash flow forecasts can be set up on a weekly or monthly basis. They automate the time-consuming elements of a cash flow forecast, and then supplements it by manual inputs. - Revenue Forecasting
WorkBook's Revenue Forecast feature combines actuals from Finance & Administration with forecast data from the Price module (in Jobs) and Pipelines module (in CRM), and then provides an Excel-like environment where you can change forecast values on the fly for a given fiscal year. You can run revenue forecasts based on gross revenues or net revenues. You create the forecast methods in . - General Reporting
The General Reporting submodule under the General Ledger (GL) module enables you to view and download GL reports in PDF, Excel, RTF, and CSV. You can share the reports via email.
Parent Topic: Finance & Administration