General Ledger > General Guidelines in GL Module Implementation

To implement the General Ledger (GL) module, perform the following procedures:

1.Access the GL Module Setup function under the Maintenance menu to perform the following:

•Set up the general parameters affecting journal entry and statistical entry transaction controls

•Activate the multi-currency feature

•Define your company's default fiscal period

•Define the equity component descriptions for the Statement of Changes in Equity

•Customize the name of the account categories for Balance Sheet, Income Statement and Statement of Cash Flow reports

2.Access the following Maintenance functions and set up the records necessary to create transactions in the GL module:

oAccount Groups Maintenance

Define the account groups that you want to use in your company

oAccount Segment Values Maintenance

Define the account segment values that you want to use in your company.

oChart of Accounts Maintenance

Create a chart of accounts and define the GL account IDs that you want to use in your company.

oGL Account Selection

Assign the Retained Earnings and Currency Gain/Loss GL account IDs

After performing the foregoing procedures, you can start the normal cycle of recording and posting journal entry transactions in the General Ledger module.

General Guidelines in GL Module Implementation

General Guidelines in GL Module Implementation

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