General Ledger: 1. General Ledger is the Central Repository from all the Sources (Modules).

Below is the illustration of the Modules Integrated with General Ledger:

2. The Journals that are recorded in the GL is recorded compulsorily with the Source of GL. A source is used to determine the origin of the Journal Entry. Valid Sources are:

Payables Assets Cash Management Receivables 3. Every Journals has to be recorded with Category, a category is used to determine purpose of the Journal Entry. Valid Category:

Purchase Invoice Credit Memo Debit Memo Sales Invoice Adjustments 4. Journals are maintained in Batches, Headers and Lines in GL Naming Convention of Batch: Source+ Date and Time Naming Convention of Header: Category + Currency Naming Convention of lines: Accounts, Debits and Credits Purposes of GL are:

We use GL to create Adjustments

To record the transactions which are not recorded in a module itself as the number of transaction count is very nominal for a module so the transaction are recorded manually in GL.