General Ledger

The general ledger module serves as the “nerve centre” of all the financial modules in the Symplus system. All other financial modules are designed to accurately report their current financial status on a daily basis to the General Ledger system through the automatic generation of transactions. In other words it represent a consolidated position of all the accounts be they current, savings, loans, term deposits, debtors creditors and so on. The module is fully multi-currency and allows revaluation of foreign currency accounts based on defined exchange rates. The module has the following main features

Main Product Features
  • User defined chart of accounts
  • Double entry journal posting
  • Unlimited totaling levels of child to parent relationship
  • Automatic accruals and prepayments processing
  • Full multi-currency operation
  • Foreign currency ledger revaluation at user defined rates
  • Automatic year end entries generation
  • User defined financial reports (Profit And Loss, Balance Sheet) etc
  • Ability to manage several financial periods
  • Period adjustment entries
  • Seamless interface to all other modules
  • Accurate reporting of status of accounts within the General Ledger and other modules
  • Comprehensive Cash Management System
  • Optional budget management sub module
  • Ability to manage several financial periods for different books of accounts
  • Batch loading and processing of bulk transactions from file formats. File
  • formats supplied.
  • Optional bank reconciliation sub-module
  • Optional budget management module
  • Numerous performance improvements