General Ledger

 Overview

• High end financial features such as live profit and loss report right on your screen, charting performance trends and ratios with extensive customisation capabilities
• Tight Control over Financial Period.
• Roll Base Security in isolating what user has access to the financial module.
• Audit Trail, limited for Financial Accounts 
• Drill down Back to Source Transaction.
• Full set Standard Account Reports. Best practice is to download extras from the store eg (All sites), (multiple sites)
• Flexible Tree Bass Chart of Accounts. Use View of Accounts with Balances on the Profit & Loss tree view
• GST Reporting using GST Items and GST Batch
• Standard and Auto Reversing Journals.

Perpetual stock inventory system

Readysell runs a Perpetual Stock Inventory System, not a Periodic Inventory system.

The periodic and perpetual inventory systems are different methods used to track the quantity of goods on hand.

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The topics in this section provide you with information about how to use the General Ledger functionality within Readysell.

• General Ledger Overview Diagram
• Accounts
• Journals
• Standing Journals
• Live Balance Sheet Report
• Live Profit and Loss report
• How the General Ledger Financial Reports display credits.
• Financials in respect to selling the business
• Initial setup of financials including brought forward balances
• Delayed vs Online updating of General Ledger balances