A Ledger is a book or file for recording the economic transactions. It is a record of total economic transactions for an economic entity. These transactions are recorded in the ledger in different accounts. It is a date-wise record of all the transactions related to a particular account such as cash, bank, sales, purchase, advertisement and so on. There are four types of ledger available in Ginesys - Liabilities, Assets, Income, and Expense. This article describes how to Manage Ledgers at Ginesys HO.
Ledger Posting Table for Each Document Type
There are 4 different types of General Ledgers in Ginesys ERP as mentioned below, each type has its own set of logic and significance.
General: This type of ledger is generally used for all types of accounting entries
Bank/Cash: This type of ledger is only used for making payments or receipts in vouchers. Journals cannot be passed using these ledgers.
AR/AP: This type of ledger is used for adjusting sub-ledger balances, either via payment/receipt or via passing manual adjustment journals. Document adjustment can only be made for this kind of ledgers.
| Ledger Type | AP Voucher | AR Voucher | Contra Voucher | General Voucher | General Journal | Credit Journal | Debit Journal | AR/AP Journal |
|---|---|---|---|---|---|---|---|---|
General | | |  |  | ||||
Bank | | | | | ||||
Cash | | | | | ||||
AR / AP | | | | | | |||
Business Use Case | This voucher is used to make the payment to the Vendors | This voucher is used to receive the payment from the Customers | This voucher is used to make bank balance transfer, deposit cash to bank, withdraw cash from bank, cash transfer from one petty cash a/c to another | This voucher is used to make adhoc/generic payment which are not routed or controlled via sub ledger. Eg- daily puja expenses of store | These are pure accounting book adjustment entries. Eg- Asset depreciation, impairment, audit corrective entries etc. | This journal is used to increase the liability/payable of the party. Eg- Discount given to party for prompt payment | This journal is used to decrease the liability/payable of the party. Eg- Discount received from party for prompt payment | This is used to make party level adjustment. |
Note:
(Debit) (Credit) Greyed Out Box (Not Applicable Ledger)
Prerequisites
- The user's role must have the Add application operation enabled for Ginesys Web - Admin - Finance - Chart of Accounts - Ledgers and Ginesys Web - Finance - Chart of Accounts - Ledgers through Roles in Ginesys Web - Admin - Security.
- Group of the ledger must exist.
Step-by-step guide
- Go to Ginesys Web> Finance > Chart of Accounts > Ledgers.
- Ledger module will open.
- Click on Add button.
- Add Ledger window will open.
- Put in the Name and the Abbreviation which will be used for it. These are mandatory fields.
- You will get two tabs - General and Applicable Site.
General: The General is further divided into three sections - General, Communication and Others.
General: In this section you will get Group, Type, Nature etc.
FieldsFunctionsGroup This field records the group to which the ledger belongs.
This is a mandatory field.
Type This field automatically gets filled when you enter the Group. Nature Here you can enter the type of ledger it belongs to. You may choose Cash, Bank, AR/AP or General.
This is a mandatory field.
Sub Ledger Applicable This field has aYesorNocheck fields beside it. If you want to include a sub ledger under your ledger, then selectYes, or else selectNo. Site Applicable This field, too, has YesorNocheck fields. If you want to display the site from which the ledger is being made, then selectYes, or else selectNo.
Note: If you selectNo, then theApplicable Sitestab will appear disabled and you won't be allowed to select the sites / sites to which the ledger will be tagged to.
Communication: TheCommunicationsection contains the Contact Details of the person against whom the particular ledger is being made. If the person concerned is a jobber or a supplier, then this section will contain the Contact Details of that person. It includes Name, Phone Number, Address, Email etc.
FieldsFunctionsContact person This has two related fields: Name (name of the contact person) and Mobile Number (mobile number of the contact person). Address This has seven related fields:
- Address
- City
- Std Code
- District
- State
- Pin Code
- Country
Address, City and Pin code are user inputs; however, City can be selected from the lookup.
The Std Code, State and Country fields are automatically displayed on selection of City.Phone Number In this section, three (3) contact numbers of person (Office, Residence etc) can be recorded here. Fax Number In this section, two (2) Fax Numbers of the person can be recorded here. Email This section has the option of recording 2 Email ids of the person. Website The person's website link can be recorded here. This section contains the following details:
FieldsFunctionsCheque Label This field records the name which will be used in cheques for the particular ledger. It could be name of a particular person or an organisation. TDS Source This field allows you to select the desired TDS source. Central Sales Tax No. In this field, you can enter the Central Sales Tax No. (Number) or CST No. Local Sales Tax No. In this field, you can enter the Local Sales Tax No. (Number). PAN This field records the PAN number of the person for whom the ledger is being created. Interest Rate In this field, you can enter the interest rate to be levied. Applicable Sites- This tab displays all the sites that are use the ledger. The Select Site button allows you to select the sites you want to tag the ledger to.
Click on the Select Site button.
Select Applicable Site window will open.
Select one site.
Click on Populate button.
The Site will be populated with the following fields.
Field Name
Description
Site Name
In this field, you can see the names of the available sites that can be tagged to the ledger.
Short Name
This field displays the short name of the sites.
Site Type
This field displays the site type of the available sites.
OU Name
Here you can see the name of the Organisational Unit (OU) of the respective available sites.
Prerequisites
- The users' role must have access to the Ledger feature by enabling Modify app operation for the feature in Admin - Security - Role.
- Ledgers must exist.
Step-by-step guide
The steps are as follows:
- Go to Ginesys Web> Finance > Chart of Accounts > Ledgers.
- Ledger module will open.
- The available Ledger will be listed.
- Select a ledger which you want to edit.
- Go to Action > Edit or double click your selected ledger.
- Edit Ledger window will open populating all the particular fields.
Make the required changes and click on Save.
Modification restrictions
Note: Applicable Sites tab cannot be modified whether the ledger is site applicable or not.
Note: You can Extinct the selected ledger by selecting the check box This record is extinct.
Prerequisites
- The users' role must have access to the Ledger feature by enabling Delete app operation for the feature in Admin - Security - Role.
- Ledgers must exist.
Step-by-step guide
The steps are as follows:
- Go to Ginesys Web> Finance > Chart of Accounts > Ledgers.
- The available Ledger will be listed.
Select the ledger which you want to delete.
Note: You cannot Delete a ledger which is already tagged to another document. However you can Extinct that ledger to prevent further transaction.
- Go to Action > Delete.
You will get an alert message "Record once deleted cannot be retrieved. Delete record?".
If you click on Yes the Ledger will be deleted.
Online Printing option is now available from version 12.6.6 onwards.
To go back to the main page click on the link : Setting Up the Ginesys Finance
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