General Ledgers
Last updated
Udara360 User Guide
Last updated
The General Ledger (GL) page enables you to manage all accounting transactions that impact the institution's financial records. You can view, create, modify, and track general ledger accounts for various operations, ensuring accurate financial reporting.
Log into the application using your credentials.
From the dashboard, navigate to Accounts in the side menu.
Select General Ledgers from the dropdown list.
Click the Add button.
Fill in all the required fields for the General Ledger:
General Ledger Name: Enter a descriptive name for the general ledger account.
Level 1 Category: Select the appropriate Level 1 category from the dropdown list.
Level 2 and Level 3 Categories: Select the corresponding Level 2 and Level 3 categories, if applicable.
IFRS Category: Choose the relevant IFRS (International Financial Reporting Standards) category.
Transaction Permission: Determine the account's level of transaction permission (e.g., Open, PND, PNC or PND/PNC).
Currency: Select the currency in which the account will be denominated.
Click the Save button to save changes.
Click the "Yes, I want to proceed" button to reconfirm action.
To modify a General Ledger:
In the Actions column, click the three vertical dots (⋮).
Select Modify from the dropdown menu.
Make the necessary updates. Note: Level 2 and Level 3 are not editable
Click Update to save.
Click the "Yes, I want to proceed" button to reconfirm action.
To deactivate/activate a Fixed Asset Register:
In the Actions column, click the three vertical dots (⋮)
Select the Deactivate option.
Click the "Yes, I want to proceed" button to reconfirm action.
To a view a General Ledger balance:
In the Actions column, click the three vertical dots (⋮)
Select the View Balance option.
The system will display the current consolidated balance on the GL account.
