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.
Branches Screen
· Set up base and foreign currencies with exchange rates for multi-currency transactions.
Currencies
· Track expenses and revenues by department, project, or branch to analyze profitability.
Cost Center
· Defines the structure of all accounts used in the ERP for recording transactions.
Chart of Accounts
· Define and control financial periods for transactions.
