General Ledger Accounting User Guide

An accounting ledger is a detailed record or log of financial transactions of a business or organization. You can create a new accounting journal and configure nature of journal to it. The double-entry accounting system, the account binding and journal is used to register the transaction in the general ledger. You can generate accounting reports with respect to the ledger entry.

You can create a new account journal by specifying the label name, label code, and journal type.

On this functionality, you can set up your chart of accounts. Once your chart of accounts is set up, instruct Ecuenta to use them as the default accounts.

On this default account functionality, you can set a default account to link transaction records about customers, vendors, payment salaries, donations, taxes and VAT when no specific accounting account was set.

When adding a new bank account with a reference name, you can specify the account type, account status, location (province), select tags, provide an initial balance amount, and set a minimum balance requirement. Additionally, you can define the bank label name, currency value, and country of the currency, add notes if necessary, and assign an accounting code journal. These details are sufficient for adding new bank details to the ledger account.

To create a new VAT account, you can easily specify the country name, code, rate, tax inclusion status, Net Profit Ratio (NPR), sale account code, and purchase account code. These details are necessary for adding VAT accounts.

This functionality allows you to set up the account from which you pay your taxes.

This functionality allows you to initialize an accounting account for products and services that do not have a defined account for sales and purchases.

The export option makes it easy to export information in various formats, such as CSV and text.

Use the "New Transaction" button to create a new ledger transaction. The date and journal type will assist you in setting up the transaction.

In the view section, you can filter the ledger by date. The ledger table displays the currency amount, currency code, conversion debit and credit amounts, and the total debit and credit in the selected currency.

Use the "New Transaction" button to create a new journal transaction. The date and journal type will assist you in setting up the transaction.

In the view section, you can filter the journal by date. The journal table displays the currency amount, currency code, conversion debit and credit amounts, and the total debit and credit in the selected currency.

To register the transactions into the General Ledger, go into each Journal, and click on the button "Journalize transactions in General Ledger