Chapter 7. General Ledger
2 ADDING BEGINNING BALANCES
1 Pick one of 3 methods of entering beginning G/L balances depending
on what time of the fiscal year you are starting the G/L and how much
information you wish to include.
2 Print a Trial Balance to verify that the G/L is in balance.
3 PRINTING FINANCIAL STATEMENTS
1 Print a P&L (income statement) showing the correct format and
beginning balances if starting mid-year.
2 Print a Balance Sheet showing the correct format and beginning
balances.
STEPS TO MAINTAIN G/L INTEGRITY
1 Print and review G/L postings created automatically by the various
modules on the Dimensions system.
2 Prepare and enter manual journal entries not created automatically.
3 Merge the G/L postings to the G/L Master File (GM1.D) and G/L Yearly
Transactions File (GM4.D). You can merge anytime--monthly, weekly,
daily.
4 Print a Trial Balance.
5 Reconcile the key accounts to their subsidiary ledgers (bank, A/R,
inventory, A/P).
6 Print financial statements:
- P&L
- Balance Sheet
- Other reports (optional)
The procedures for maintaining G/L integrity are found in the G/L User
Manual.
278 Dimensions 14
To Next Page
Loading...