Spending time recording each transaction's journal entry into your ledger accounts? Well, don't! Focus on running your business and let Deskera do the magic.
As you are creating invoices and payments, Deskera instantly debits and credits the transaction values into mapped ledger accounts and updates your General Ledger in real-time.
Peace of Mind with Ready-made General Ledger
You no longer have to worry about having discrepancies in your accounting book. Deskera's automated General Ledger removes human errors and ensures the balance of your book at all times.
Say goodbye to your worries and focus on thriving your business.
Retrieve Financial Data with a Click of a Button
General Ledger is a one-stop place for all your financial data.
You can expand and review all related transactions for each ledger account in seconds. You can view the document number, the journal entry, the transaction amount, and even the exchange rate at a glance.
Generate Key Financial Reports Automatically
Deskera's automation doesn't stop at General Ledger. As the transaction data consolidate into each ledger account, their values will automatically flow to respective financial reports.
Access to Deskera's ready-made Profit and Loss Statement, Balance Sheet, and other financial reports in an instant.
Stay on Top of Your Profitability with General Ledger
If you are looking for a complete record of all your income and expense transactions, General Ledger is the right place for you.
General Ledger allows you to zoom in a particular account group and review all the related transactions in just a few clicks.
General Ledger allows you to zoom in a particular account group and review all the related transactions with ease. On top of that, you can filter the data based on predefined custom fields and focus on specific dimensions to gain insightful knowledge.
The ability to filter General Ledger the way you want is essential in accessing your business's financial health and improving your company profitability.
Automated General Ledger for Your Business
✓Debit and credit transaction values automatically into mapped ledger accounts
✓Consolidate the balance of each ledger account instantly
✓Transfer the ledger account's balance into respective financial reports
✓Filter General Ledger based on the account type
✓Sort out data based on predefined custom fields
✓Expand and retrieve transactions for each ledger account
✓Export General Ledger in pdf
Improve Your Productivity
You can save 200+ hours annually by switching to Deskera. Sign up today to see the difference.
FAQs
What is General Ledger?
General Ledger acts as a master record for all financial transactions of your company. General Ledger provides the required data to generate other financial reports such as the income statement, the balance sheet, and the trial balance.
Is General Ledger the same as Balance Sheet?
Although General Ledger and Balance Sheet provide similar information, they are not the same, and their purposes are different. General Ledger acts as a master record for all financial transactions and provides the data to prepare the Balance Sheet.
Is General Ledger the same as Trial Balance?
Although General Ledger and Trial Balance provide similar information, they are not the same. While General Ledger provides transaction details of all accounts, Trial Balance only provides the ending balance of these accounts.
What are the types of ledger accounts?
A ledger is typically segregated into five categories - Assets, Liabilities, Owner’s Equity, Revenue, and Expenses.
Can I export General Ledger from Deskera Books?
Yes, you can export General Ledger into pdf and save it on your computer.
Can I filter General Ledger based on account type?
Yes, you to zoom in a particular account group and review all the related transactions. Click on 'Account Type' and change from 'All' to the account group that you wish to see.
Can I filter General Ledger based on custom fields?
Yes, you can filter the data based on predefined custom fields and focus on specific dimensions to gain insightful knowledge. Click on 'Filters' and choose the custom field that you wish to view.
Buying Tip from Deskera
You will be able to see the outstanding amount of any Bill. Indicate the Currency, Amount to
be paid, and the
Account used to deduct the Payment – Cash or Bank, or other Bank accounts created
previously.