How to generate General Ledger

Overview:

The General Ledger (GL) is a critical financial report in QNE Cloud Accounting that provides a detailed record of all financial transactions within a specified period. It allows businesses to track income, expenses, and other financial activities, ensuring accurate accounting and compliance with financial reporting requirements.

Scenario:

A business owner or accountant needs to review all transactions recorded in the system to ensure accuracy before preparing financial statements. They want to generate a General Ledger report to verify the details of each transaction and check for any discrepancies.

Procedure:

1. Access the General Ledger Report

• Go to Reporting > Report Center.

• Under the General Ledger tab, expand Other Reports, then select General Ledgers.
  
  

2. Set Report Parameters

• Set the Date Range.

• To display a specific account, click the Account field and select the desired account.

• To generate reports for all accounts, leave the Account field blank.
  
  

3. Generate and Export the Report

• Choose the format for the report.

• If you only want to view the data without printing, click Inquiry to display it in the table.

• To print the report, click Preview, allowing you to extract and print the data.
  
  

Application:

Generating a General Ledger is essential for various financial tasks, including:

Audit Preparation: Ensuring all transactions are properly recorded before an internal or external audit.

Financial Analysis: Identifying trends in income and expenses to support business decision-making.

Error Checking: Reviewing transactions to detect duplicate entries, incorrect amounts, or misclassified expenses.