List of General Ledger KBA's

Getting Started with the General Ledger

• Using the Chart of Accounts screen (to setup and manage GL Accounts)
• How to set up GL Cash Flow Groups
• How to set up a budget for a GL accounts
• How to set up GL Divisions (to track inventory and sales in multiple warehouses)

Using the General Ledger & Related Screens

• Using the Chart of Accounts screen (to setup and manage GL Accounts)
• Using the General Ledger screen (to view all debits and credits to any particuler GL account)
• Using the Journal Entries screen (to post Journal Entries)
• Using the Batch Post GL Transactions screen (to post GL Transactions to the General Ledger)
• Using the Batch Unpost GL Transactions screen (to UNPOST batches of GL entries, by accounts types)
• Using the Cost Analysis - AR screen (to analyze AR Invoice Costs - per Invoice Line Item, and compare to various cost benchmarks)

Other Tasks

• How to delete a Deposit that has already been posted & deposited in the bank

Reconciling the General Ledger

• Month end procedures to close Financial Periods
• How to reconcile your GL A/P account (on your Balance Sheet) to the figure on your A/P Aging Summary (Historical) report
• How to close books for fiscal year end ( year end period closing )
• Big Picture: How GL transactions flow through OneSource
• Which forms in OneSource create transactions that affect the General Ledger?
• Which reports can I run to help me double check my inventory costs?
• What to do if the Net Income on the Balance Sheet doesn't match up with the Net Income on the Income Statement