General Ledger provides you with the basic facilities needed for setting up a company and posting to the general ledger: chart of accounts, general journals, recurring journals, and source codes. The traceability feature records every GL entry made and where it originated. It allows you to view all entries and drill down to the original service document from your Financial Statements, Chart of Accounts, account cards and so on. With flexible features and online integration, Navision’s General Ledger offers a more efficient way to centralize your business accounting information. You can produce a wide range of trial balances and customized financial statements, consolidate subsidiaries with organizational roll-ups and reporting, and filter balances by criteria such as time period, department or project.

Online integration ensures that:

• Figures are continually updated 
• Individual entries can be traced throughout the system 
• Users can enter and post data simultaneously

Every posted GL entry is assigned an entry number and a transaction number, making it easy to track and drill down, throughout the application. Entry lists include information about balancing entries, and dimensions. Entries are also assigned a source code, a reason code and a user ID so the source of an entry is always documented, providing you with a complete audit trail.

Features & Functionalities 

• Account Schedules 
• Advanced Dimensions
• Allocations
• Basic Dimensions 
• Basic General Ledger 
• Budgets
• Chart of Account 
• Consolidations
• Financial Statements 
• Multicurrency

Allows you to: 

• Post general ledger journals 
• Print detailed and summary trial balances 
• Assign budget transactions to each general ledger account
• Keep track of changes and which user made them 
• Create daily, weekly, monthly, quarterly or annual budgets 
• Import or export budgets to Microsoft Excel 
• Set up default dimensions and rules per account, group and account type 
• Flexible naming convention
• Set up an unlimited number of dimensions and dimension values 
• Create up to eight shortcut dimensions for use throughout the application 
• Define prioritizations 
• Define dimension combinations
• Define and name analysis views 
• Filter budgets by up to four dimensions 
• Copy budgets including dimensions from a previous period 
• Block and unblock dimensions and dimension values from use
• Design custom financial statements
• Create user defined row and column layouts
• View information on screen with dynamic drill down and OLAP functionality
• Consolidate domestic or foreign subsidiaries
• Consolidate different charts of accounts by department and by project
• Consolidate partial ownerships, different fiscal years and exchange rates
• Maintain general ledger in two different currencies
• Invoice international customers and vendors in foreign currencies
• Manage international customer and vendor accounts in a foreign currency
• Define an unlimited number of currencies
• Specify how foreign currency amounts are rounded and posted
• Define exchange rates

Allocate recurring transactions to different general ledger accounts, Distribute allocations based on percentages, usage, or by specific amounts Make allocations in sales or purchase journals

Navision General Ledger 

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