General Ledger

The General Ledger (GL) is a fundamental system used in almost every company to track all of the company’s financial transactions. The GL is responsible for recording and tracking all revenue and expenses and producing financial statements. Accurate and up-to-date records are essential for making sound financial decisions and ensuring compliance with accounting regulations.

The GL is composed of a series of ledgers, each representing a different account, including accounts receivable, accounts payable, and equity. The company’s accounting staff uses the GL to record all transactions within the company, providing a complete record of the company’s financial activity, which is then used to produce financial statements.

The OCS.io solution provides out-of-the-box support for integration with General Ledger systems. In the OCS.io Product Catalogue, GL Codes can be configured at the lowest level of granularity, allowing for easy integration with the company’s GL system.