General Ledger Overview

From General ledger, Overview, identify important tasks and monitor key accounting activities so you can keep your financial data accurate and up to date.

Video: General Ledger Overview Tour

• Needs attention — Review items that require immediate action, such as out-of-balance or pending journal entry batches, so you can resolve issues quickly and keep work moving. Out-of-balance and pending batches are pre-filtered lists that display journal entry batches meeting specific criteria, and you can adjust filters as needed. You can also monitor open fiscal periods at a glance and close them once all transactions are posted to help maintain accurate financial records.

• Chart Health Advisor — Use the Chart Health Advisor to assess the health of your chart organizer structure, identify issues that affect daily operations, and determine when larger structural changes may be required.

  Note: Don't see this yet? Chart Health Advisor is in Limited Availability (LA) and releasing in waves. During the LA, we'll review and implement participant feedback to prepare for general availability.

• Closing Assistant — Track unposted transactions across subledgers to post remaining activity and close fiscal periods with confidence. Generate up to five favorite reports from General ledger to validate balances, confirm activity, and make sure financial data is complete before closing fiscal periods.

• Fiscal Years — View and manage open fiscal years to support accurate reporting, prevent errors, and prepare for audits.

Tip: Review Closing Fiscal Years Tutorial.