General (Nominal) Ledger

The General Ledger is used to construct the picture of an organisation's health and profitability. Every financial transaction causes postings to be made to the General Ledger.

Most postings arise from the Sales and Purchase Ledgers, but there are also specialist posting programs to cope with Fixed Assets and Depreciation, Deferred Payments, Employee Expense Postings, Simple Journals, Reversing Journals etc.

As well as the posting of “Actual” (ie. Real) items, the system allows for multiple budget scenarios to be held against specific Nominal codes, where these can be “flexed” to allow for seasonal variation if required.

The Nominal brings everything together in final accounts (Profit and Loss, Balance Sheet).