Overview of the general ledger

Introduction

The general ledger is a central record of accounts, which represent and hold financial accounting details.

To set up the general ledger for your school, you need to complete the following tasks:  

1. Set up the financial entity  
2. Set up the general ledger  
3. Create general ledger accounts, elements, and codes 
4. Create bank accounts 
5. Assign control accounts 
6. Create and map general ledger years