General Ledger Overview

The General Ledger (GL) is the official repository for all financial and budget information. It stores account balances and budget information for multiple fiscal years and stores a detailed record of all financial transactions.

Users do not directly interact with the General Ledger. Instead, users who need to modify financial information in the GL do so by creating documents that, when fully approved, are posted to the General Ledger.

The General Ledger module is a daily batch processing application that expects all GL pending transactions to be collected in batch from the GL entry files. The daily batch includes transactions generated within the Financials modules as well as transactions created in external applications and converted to the General Ledger entry format.