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#Generalledger manual
#Generalledger code

Run statistical reports to identify major/minor funds with support calculations. Enter Adjustment journal entries in a separate Adjustments fund or in a GASB 34 Adjustments area. The flexible chart of accounts structure and sophisticated reporting tools comply with state regulations, and meet specific needs of local government entities.Īll GASB 34 reports are built-in, with no need for a third-party reporting module. It is a powerful general ledger system designed using Generally Accepted Accounting Principles (GAAP) for fund accounting, and to address the specific needs of governmental GASB reporting. It acts as the central data warehouse for financial entries from other modules in the Suite, while also providing strict security and control.

#Generalledger code

To reverse the entry, return one line of the entry, copy and change the object code to the other side.BS&A’s General Ledger module is the foundation of our Cloud-Based Financial Management Suite. The original entry was a debit to accounts receivable and a credit to an income object code. Billing processed that needs to be reversed.The fix would be to search for and return the credit of $5.38 on the 6385 object code in the From section, copy details to the To section, and put the account that should receive the credit to the 6385 object code in the To section. The original transaction was a credit to a conference and seminar object code, 6385, on a Procurement Card Document (PCDO) and you need to move it to another account.The fix would be to record the supplies object code in the From section and the postage object code in the To section. The original transaction used a supplies object code, but it should have been postage.This action will debit the expense object code in the From section and credit the income object code in the To section. The fix would be to select the transaction processed, and copy and modify the object code in the To section. The original transaction was recorded as an expense reimbursement on an AD, but it should have been recorded as income.You should select the fiscal closing period for transactions posted June 30 or earlier.This is generally from July 1 to July 15 (the end date varies each year). During fiscal year-end a closing period date will be available.

Review your general ledger pending entries to verify your correcting entry.

If the original transaction was a credit, the reversal in the From section will be a debit.

If the original transaction was a debit, the reversal in the From section will be a credit.

The From section will always reverse the object code on the original transaction you select.

The From and To sections must be populated.

Transaction descriptions cannot be edited.

Documents with pending entries cannot be corrected.

Entries must be posted to the general ledger before they can be corrected.

Note: Units must not prepare corrections of balances on an Advance Deposit (AD) unless they have been contacted by or have contacted Accounting.

Gift corrections (please contact AA&D for corrections).

Tips for Using GLT e-docs Do not use a GLT for.

#Generalledger manual

Reduces the amount of manual input required to make changes to accounts, transactions, or accounting lines by pre-populating existing information.

Maintains an audit trail by automatically cross-referencing the transaction.

Prevents transactions from being transferred multiple times, tagging the original transaction as “already adjusted.”.

Prevents multiple corrections of the same document.

Prevents partial transfers and transfers for more than the original transaction.

You can transfer entries that are eligible to be corrected based on origin code, document type and balance type. It makes it easier to move transactions by allowing you to search for the transaction data that exists in the general ledger. The General Ledger Transfer (GLT) e-doc is used to adjust, transfer, or correct transactions that have posted to the general ledger.

Financial Processing General Ledger Transfer e-doc Tutorial (CULearn).