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General Ledger Summary

Gain a Condensed and Accurate Overview of All Financial Transactions by Account

The General Ledger Summary in PrismERP offers a consolidated view of all financial movements recorded across the organization, categorized by account. It provides a high-level yet reliable snapshot of each ledger account’s financial activity over a specified period—empowering finance teams to validate entries, track balances, and uphold financial integrity.

What is the General Ledger Summary?​

The General Ledger Summary is a key financial report that aggregates all journal entries affecting each account within the general ledger. It includes:

  • Opening Balance
  • Total Debits and Credits
  • Closing Balance

This report excludes transaction-level detail, focusing instead on summarized balances. It is essential for accountants, auditors, and finance leaders who need a fast, reliable overview of financial performance by account.

Ledger Summary

Key Components of the General Ledger Summary in PrismERP​

  • Account Listing Displays all accounts from the Chart of Accounts (COA).

  • Opening Balance Shows each account’s balance at the beginning of the selected period.

  • Debit and Credit Totals Summarized totals of debit and credit transactions for each account.

  • Closing Balance Final balance after all movements during the period.

  • Account Grouping Classifies accounts by type: Assets, Liabilities, Equity, Revenue, and Expenses—in line with IFRS requirements.

Core Features​

  • Real-Time Integration Pulls live data from key financial modules such as GL, Budgeting, Asset Management, and Projects.

  • Multi-Period Views Analyze financial activity across multiple periods for audit and planning.

  • Export & Sharing Export summaries in PDF, Excel, or CSV for audit, compliance, or review purposes.

  • Access Rights Control Restrict access by user role, department, or project for confidentiality and governance.

Integrated Modules (ERP-Connected for Financial Cohesion)​

  • General Ledger (GL)
  • Accounts Receivable (AR)
  • Accounts Payable (AP)
  • Budgeting & Forecasting
  • Fixed Asset Management
  • Project Accounting
  • Inventory/Stock Valuation (GL-linked only)
  • Banking & Treasury Management
  • Multi-Company Financial Consolidation (if enabled)

Final Note​

PrismERP’s General Ledger Summary equips finance teams with a structured, IFRS-aligned snapshot of all financial accounts—ensuring data clarity, compliance, and agility in financial decision-making.

Request a demo today to discover seamless ledger oversight in PrismERP.