General Ledger

The General Ledger must be at the heart of any automated business system - collecting (valid) fiscal information, on a timely basis - and providing multiple, flexible methods of financial reporting. The General Ledger (GL) is at the center of the Vanguard series of applications - all Vanguard applications which have financial activity automatically create validated GL Journals which can update the GL as desired (daily, weekly, monthly).

You can easily produce flexible financial statements using the internal financial statement report writer and fiscal information. The GL provides controls for fiscal year and period, open periods, valid cost or profit centers, valid accounts, and organizational structures.

General accounting transactions are facilitated by standard entries, recurring and reversal entries, and allocations. Month-end close can be accomplished quickly, and accurate, timely financial information is at your fingertips - online, spreadsheet, or printed statements.

Key benefits of the General Ledger

  • Fast month-end close
  • Validated journals from all applications - comprehensive integration of financials
  • Drill-down inquiries for easy problem resolution and investigation
  • Reduce clerical time in processing accounting entries and invest it in more profitable financial analysis

Key features of the General Ledger

  • Application journal interfaces from all major Vanguard applications
  • General journals
  • Standard journals
  • Recurring journals
  • Reversing journals
  • Allocation journals - including allocation from groups of accounts/departments 
    to other account/department groups
  • Statistical or memo accounts
  • User-defined financial statements using the GL financial statement report writer
  • Printed or on-line financial statements
  • On-line inquiries by account or transaction - up to three years of history available on-line
  • Budget processing using budget workbench
  • Budgets interface with PC spreadsheets
  • Multiple budgets per year for simulation and what-if analysis
  • Reopen closed year for auditors adjustments
  • Comparative statements can include up to three years of actual financial data plus budgets
  • Complete audit trail of all transactions
  • Drill-down inquiries to source documents