General Ledger Accounts and Manual Journal Entries

The General Ledger module allows you to track your financial information via General Ledger Account records and the General Ledger Journal, which keeps a record of all financial transactions, regardless of whether you enter them manually or FIMS posts them automatically from transaction entry in a subsidiary module.

Posting Journal entries will update the General Ledger Account balance records for the proper period (determined by the transaction’s Apply Date). Once the Account records are updated, the information becomes available for financial reports. Refer to Processing Journal Entries for more information.

Note: Because financial transactions that you enter in subsidiary modules automatically make G/L Journal entries, the number of manual journal entries is greatly diminished, and accuracy is enhanced.