2 docs tagged with "general ledger"

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.