General Ledger

The General ledger is at the heart of any accounting system. P2 is designed to provide accounting for multiple Accounting Entities without the need to swap between databases. A Nominal Ledger template allows you to rapidly set up a general ledger for a new entity from preset standard accounts. These can then be added to or reduced to fit actual requirements. An intuitive ledger naming and numbering convention ensures that accounts can be easily grouped into the correct reporting order and into a logical sequence.

The Nominal Ledger is fully integrated with Billing, and underlying cash and investment ledgers. Multi currency transactions can be tracked in originating and base currencies. Base currencies and year end dates can be set for each entity under management. Transactions can be entered as simple journals, reversing journals (for accruals) or correcting journals (to correct previous errors).

Reporting of transactions, trial balances and account detail can be provided via SRS and Export to Excel. SRS reports can also be designed to meet your particular jurisdictional requirements with the assistance of your local CRM partner.