General Ledger Setup Guide

Complete step-by-step guide to configure your financial accounting system

Initial Setup
Daily Operations
System Configuration Steps

Chart of Accounts

Set up your account hierarchy with proper classification.

Assets (1xxx)

Liabilities (2xxx)

Equity (3xxx)

Revenue (4xxx)

Expenses (5xxx-7xxx)

Navigate to: Settings → Chart of Accounts

Financial Calendar

Define your fiscal year and periods.

Fiscal year start/end dates

Period structure (monthly/quarterly)

Period naming convention

Navigate to: Finance → Financial Calendar

Opening Balances

Enter starting balances for all balance sheet accounts.

Enter asset balances

Enter liability balances

Enter equity balances

Verify Opening Balance Equity is zero

Navigate to: General Ledger → Opening Balances

Currency Setup

Configure currencies and exchange rates.

Set base currency

Add foreign currencies

Enter exchange rates

Navigate to: Settings → Currencies