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.
Raytio's Financials – Subledger Accounting (FSL) module bridges the gap between source transactions in Accounts Receivable and Accounts Payable and the General Ledger. It captures accounting events as they occur, derives the correct GL accounts, creates balanced subledger journal entries, and transfers them into GL journal batches ready for posting.
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.