General Ledger Definitions

The GL setup is foundational to the ERP system because it controls how financial transactions are recorded, reported, and audited. Here's a walkthrough of the main definition screens in the GL module:

· Define different business locations or operational entities, by its Branch Code and Name, E-invoice type and Code.

· Set up base and foreign currencies with exchange rates for multi-currency transactions.

· Track expenses and revenues by department, project, or branch to analyze profitability.

· Defines the structure of all accounts used in the ERP for recording transactions.

· Define and control financial periods for transactions.

· Taxes Actions contain more one definition.

o Customer source tax

o Supplier source tax

o Value added tax