Calendars define the time dimension of accounting in the General Ledger. Every ledger references a calendar, and every journal entry is posted into one of that calendar's periods. Period statuses control when each period is open or closed for a given application, allowing different modules to close at different times.
Raytio's Financials – General Ledger (FGL) module is the central accounting record for your organisation. It manages the chart of accounts, ledgers, calendars, currency rates, journal entries, posting, and stored balances. Sub-ledger modules such as Accounts Receivable (FAR) and Accounts Payable (FAP) feed transactions into the general ledger, where they are posted and rolled up into period balances.