The General Ledger

JobBag’s General Ledger module takes all transactions that have been entered in the Job Costing and Accounts modules of JobBag and processes them to the posting accounts in the General Ledger.

When setting up the general ledger, the following steps must be followed:

1.    Determine start date for general ledger 2.    Set up the chart of accounts 3.    Map control accounts, bank accounts, job types and kinds 4.    Configure financial statements 5.    Enter opening balances 6.    Reconcile with Payables and Receivables systems.

Once these processes have been completed, checked and tested, JobBag automatically generates your financial information. 

Transactions are posted automatically to the accounts in the ledger based on the accounts that have been mapped in the Job Costing module. Mapping takes place in a number of places within JobBag:

•  Control Systems (mapped within the Chart of Accounts):

       Trade Debtors

      Trade Creditors
      Work In Progress
      Accruals
      GST
      PAYG Withholding Tax Liability (Australia only)
      More information in Control Account section
* Bank accounts
* Job Types
* Kinds

The mapping options in JobBag are extremely flexible and allow you to track your business in many different ways.

BEFORE YOU BEGIN

It is assumed that before beginning this chapter you are familiar with the information in:

•  Kinds
•  Job Types
•  Purchase Orders and Supplier Invoices
•  Invoices and Credit Notes
•  Payments
•  Receipts
•  Bank Accounts
•  Journals
•  WIP & Accruals

ACCESS MENU

Access the various General Ledger financial transactions and verification routines through the ledger menu as below:

ACCESS TO REPORTS

Access the various General Ledger financial reports through the Reports Menu as below: