OneBusiness Financial Accounting system module (Financial ERP Module) contains General Ledger, Asset Accounting, Accounts payable, Accounts receivable, Bank transactions, Expense Management, subscription management, Bank Loan Management, Customer Debt Management, GST Payment and Bank file generation sub-modules. It is the Best Accounting finance module in ERP Software, Financial accounting system.
A general ledger, or GL, is the fundamental object of financial accounting. We need an object to summarises transactions that have occurred during a transaction and over a financial recording period.
A General ledger for a business is to maintain a record of the total for the financial accounts. OneBusiness ERP Finance is a transaction-based financial accounting System. It is suitable for large scale business operations.
A general ledger includes assets, liabilities, equity, expenses, and income or revenue. They are the building blocks of all-important reports such as profit& Loss, balance sheet, trial balance, GST reports, accounts payable, accounts receivable and cash flow statements.
OneBusiness ERP’s financial accounting system will record cash, Accounts Receivable, Accounts Payable, Sales, Purchases and Owner’s Equity in the general ledger accounts. The software will capture values for the charges, funds and transfers during a typical day to day transactions and then summarise these transactions to compile the above mentioned financial reports.
The trial balance report will ensure that the values recorded are correct as per the accounting practice in real-time.
The speciality of OneBusiness ERP is a simple and easy financial accounting system with user-friendly navigation.
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