General Ledger
Comprehensive financial reporting and cost accounting
Canopy’s General Ledger module provides powerful cost accounting tools. All of Canopy’s modules can send data directly to the General Ledger, so you can keep comprehensive records and make better financial decisions for your business.
Features
Accounting Data
- Data from all of your Canopy modules in one place
- Setup multiple companies, divisions, or departments
- Specify the starting and ending dates for each accounting period
Financial Reports
- General ledger account inquiry includes a drill down into the transaction data
- Print a variety of standard reports
- Use the Financial Report Writer to create your own financial reports
- Drill down directly from financial reports to source data to investigate fluctuations
Budget Maintenance
- Make general journal entries including future postings and automatic reversals or import from outside sources
- Sophisticated budget maintenance including automatic budget generation, budget import, etc.
- Setup automatic allocations of an account’s ending balance to post to designated accounts
Powerful cost accounting and budgeting for every part of your business
With Canopy’s General Ledger, you can have both a big picture view of your accounting, as well as view specific reports.
Canopy’s General Ledger module allows account types, the chart of accounts, fiscal periods, budgets, and non-financial data types to be defined. All of Canopy’s modules can post directly to the General Ledger, and detail history can be kept for an unlimited number of years.
Maintain the General Ledger chart of accounts and inquire for any current, future, or historical period. Run multiple companies with intercompany payables, create divisions or departments. Combine companies together for consolidated reporting. Set up simple or complex budget parameters. Automatically allocate a source account to many destination accounts based on percentage parameters. Set up recurring and automatic reversing entries. Make manual journal entries or import journal entries from another source. Postings to accounts with divisions automatically roll up to a master account. Print a variety of standard General Ledger Reports. Automatic closing entries are made when the fiscal year is closed.
Use Canopy’s Financial Report Writer to create as many financial reports as you need, such as Income Statements, Balance Sheets, Cash Flow Statements, and General Reports. Calculate percentages and variances plus choose your own fonts and font colors. All reports created with the Financial Report Writer allow drill down into the data.