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VisionVPM's in-built general ledger helps you track the performance of your business so you can quickly and easily see where your money is going. With the VisionVPM general ledger you can manage your business efficiently without having to reload information into other software products.
The General Ledger Chart of Accounts is the entry point for setting up all the general ledger accounts. These can be thought of as equivalent to the column headings of a manual cashbook.
Some General Ledger accounts were put in place when your database was created. These are control accounts used within VisionVPM. Activity is automatically posted against these control accounts, for example, the GST control account.
The answer to this is Yes. It just may take a little more effort than setting things up correctly from the start.
First you need to address your opening balances, especially the 4 critical sub ledgers:
What's the Secret to mastering the General Ledger?The Bank Reconciliation is the key to the General Ledger. To set up your bank reconciliation you will need the following:
Don't limit reconciliations to the physical bank account. |
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