System General Ledger module links GL account entries with all of the correspondent contracts, transactions, documents and subsidiary ledger entries.

Capability of automatic posting of entries to the General Ledger is provided. Automatic entries are based on accounting models selected upon correspondent transaction codes and transaction parameters.

It is possible to set up General Ledger for any desired Chart of Accounts structure. Historical information is maintained for all GL accounts.

The following enumeration facilities are available for GL accounts:

• account code length may be up to 30 characters
• account codes may be alphanumeric including delimiters (hyphen, underline, slash and dot)
• account codes may have different length for different accounts
• account codes is defined by enumeration rules
• different enumeration rules may be applied to different accounts

Two text descriptions are linked to each account - short and long.

GL accounts may be detailed by any analytical views. Different accounts can be detailed by different analytical views. Number of analytical views for each account is not limited.

General Ledger is built on multi-currency principle. Each GL account may have balances in different currencies. Accounts for precious metals are handled (in ounces). There are revaluation facilities for foreign currency and metal accounts.

For provision of GL "transparency", access to transactions, contracts and source document created in the departments and being a basis for entries in GL by means of "DRILL DOWN" facility is available. Review begins with GL accounts list and includes:

• account statement review for any GL account with refining of account debit and credit turnovers by accounts of lowest level; it is possible to review correspondent operations, financial entries, contracts and documents from lowest transaction level;
• account balances and turnovers review for any GL account with refining by accounts of lowest level and analytical views; the comparative analysis of account balances using graphs and diagrams is available;
• transaction journal review for any GL account; it is possible to review correspondent financial entries, contracts and documents for any transaction;
• account card review.

General Ledger Review is possible for user defined date or period, for user defined department or for all departments, for user defined currency or all currencies. By user request during review data may be submitted with prescribed accuracy and/or converted to required currency.