The chart of accounts defines the account structure used to classify every financial transaction in the General Ledger. Rather than a flat list of account numbers, Raytio uses a multi-segment model where each segment draws its allowed values from a value set, and the segments are assembled into a structure that defines the full account string.
The FGL data model is built around five core areas — Chart of Accounts, Periods and Calendars, Ledgers, Journals, and Balances — with supporting entities for value sets, segments, code combinations, and period statuses. Understanding how these relate is the key to understanding how Raytio records and reports on financial activity.
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.
A Ledger is the top-level container for journal entries in the General Ledger. Each ledger ties together a chart-of-accounts structure, an accounting calendar, and a functional currency — the three pillars that define how transactions are classified, when they can be posted, and in what currency balances are maintained.