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- Allows analysis at account, product, customer, business and project level with results aggregated at account / cost center level.
- Allows more accurate and efficient product control as entries are made at detailed and consolidated levels.
- Enables easier automation of reconciliation with minimal manual intervention as detailed or transaction-based data can be tracked and analysed in multiple dimensions.
In a multi-GAAP environment, it is possible to run e.g. a full-size general ledger for IFRS and a shadow ledger light for local GAAP which focusses on the specific valuation elements for a specific portfolio.
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General ledger account balances are based on debit/credit entries.
Sources for debit/credit entries can be:
- Import of credit/debit entries at general ledger account level
- Accounting Rules Engine
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