Epic - General Ledger


The EPIC Office Accounting Module includes the Accounts Payable, General Ledger, and Payroll applications.

The General Ledger provides an efficient method for consolidating all financial transactions. All records are maintained over a two-year period, offering balance sheet and income statements for the current year and previous year, as well as for various months. The income statement provides both month-to-date and year-to-date totals. General functions include making account adjustments and recording appreciation and depreciation. These functions are based on a fiscal year. After posting a journal entry for an account, the source of the entry is available for inquiry. Financial transactions may be posted to past or future periods, producing financial reports and a working trial balance for any period. The general ledger accommodates an unlimited number of accounts.

General Ledger module includes daily processing programs for maintaining the general ledger files, trial balance and report programs, and the end-of-month/end-of-year processing programs.

Aside from your opening entries and monthly adjustments, the general ledger is automatically maintained and updated by the EPIC system.

General Ledger module reports include:

! Chart of Accounts Listing

! G/L Master Trial Balance (current & prior year)

! G/L Detailed Trial Balance

! G/L Working Trial Balance

! G/L Journal Distribution

Financial Reports:

! Balance Sheet

- Current Month

- Any Prior Month

- Last Year

! Income Statement (by Branch & Consolidated)

- Current Month

- Any Prior Month

- Last Year

! Comparative Balance Sheets and Income Statements for this month now and last year

The Journal Entries History List prints all journal entries made during the fiscal year.

The G/L Transaction File Print program prints all general ledger transactions in the file before the closing of each period.


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