Financial Core
General Ledger Workflow
From Transactions to Reports
Understand the complete accounting cycle from daily journal entries through period closing to financial reporting and year-end processing.
6
PhasesAuto
PostingMulti
CurrencyReal-Time
ReportsACCOUNTING CYCLE
Visual Workflow Guide
Chart of Accounts Setup
Define account hierarchy
Configure account types
Set default accounts
Phase 1
Opening Balances
Enter opening balances
Use Opening Balance Equity
Verify trial balance
Phase 2
Daily Transactions
Create journal vouchers
Receive auto-postings from modules
Multi-currency transactions
Phase 3
Period Review
Generate trial balance
Review account details
Make adjusting entries
Phase 4
Period Closing
Close financial period
Generate financial statements
Archive period data
Phase 5
Year-End Closing
Close income/expense accounts
Transfer to retained earnings
Carry forward balances