General Ledger Data Setup

Good Start

Before setting up a general ledger system, review the data that the customer is proposing.

• G/L Accounts
  • Standardized Structure
  • Setup Groups
  • Consistent use of Accounts
  • Consisten use of names

Note: When consolidating accounts, the common portion of the name is used. e.g. if Sales - North and Sales - South etc are consolidated into one line, the resulting description will be Sales -

• • Appropriate amount of detail

e.g. not too many, nor too few accounts

• G/L Groups
  • Create Groups for Major Sections of the f/s e.g. INCSA Sales

• Financial Statment Setup
  • Logical Layout
  • Coordinates well with Accounts
  • Clearly Defined

• G/L Tranaction Data
  • Balances
  • No irregular data
  • All out of range transactions fixed or documented

Going Live

• Establish Cutover Date

See Also: GL Multi Company Consolidation