The General Ledger module in Iptor IP1 handles multi-company, multi-currency transactions. A linked, hierarchical sub-account structure permits both overview and detailed analysis. Travel expenses, for example, can be viewed at the company or department level, or per individual employee. Different departments can be provided with separate account structures to simplify data input and aid in performance analysis. Each section of the General Ledger Account has its own maintenance routine. Prior to creating these sections (Profit Centre, Major Account and Minor Account), other Control Files or parameters may need to be set up. [Read more…]
| GL journals | Work with GL journals |
| Maintenance – accounts | GL Profit centre maintenance |
| Maintenance – other | GL budget pro-rata file maintenance |
| Bank reconciliation | Bank reconciliation process |
| Report writer | Report writer process |
| Indirect expense allocation | The indirect expense allocation allows the allocation of shared service expenses. The allocation formulation is based on the following.
An extra processing step (via GLO305) is required for general ledger interface. |
| GL interface | GL interface process |
| Stock obsolescence | Stock obsolescence process |
| Deferred revenue | Deferred revenue process |
| Estimated future returns | Estimated future returns process |
| Unrealised profit/loss | Intra-company unrealised profit/loss |
| Period end processing |
End of period processes can be run by a region e.g. (group of companies in APAC region) or a single company. See Regional Period Close SOP for additional information. |
| Import & export options | This General ledger Import/Export option allows the users to upload and download financial files to and from excel spreadsheets. It can be used to:
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