General Ledger

The General Ledger (GL) is the central repository for all financial transactions in a company, recording debits and credits across accounts like expenses, assets, and liabilities to ensure accurate financial reporting. In expense management, approved expenses are mapped to specific GL accounts using automated rules or manual selection, streamlining integration with accounting systems like QuickBooks or SAP. The system supports importing GL codes, reducing errors through predefined mappings and validations. Detailed GL reports provide insights into expense distribution, aiding financial close and audits. This ensures clean books, compliance, and seamless synchronization with ERP systems. By automating GL processes, businesses enhance efficiency and maintain precise financial records.