General Ledger contains all the accounts for recording transactions relating to a company’s assets, liabilities, owners’ equity, revenue, and expenses.
The G/L works as a central repository for accounting data transferred from all subledgers or modules like accounts payable, accounts receivable, cash management, fixed assets, purchasing, and projects. General Ledger is the backbone of any accounting system which holds financial and non-financial data for an organization.
With Coastal Payroll, you can seamlessly apply payroll information into the general ledger. Our G/L interface provides you, or your accountant, online access to payroll data with every payroll. Our software guides you through a one-time set up process. This process maps the accounts and determines how the payroll is applied to the general ledger. You can even post earnings, taxes, and deductions to multiple accounts.