FAQ - General Ledger System
Yes, The Business Edge automatically closes all the income statement accounts into retained earnings. No manual closing entry is needed.
The system will automatically alert you to an out of balance condition before the posting is made.
Yes. It will warn you that it is out of balance and ask you if you really meant to do it. It will allow you to complete the transaction though because a hardware malfunction or other reason could make it necessary to make an out of balance transaction. The system will give you a report of any out of balance transactions that have been entered as well.
The System offers complete integration of virtually all functions of the company with automatic posting to the General Ledger, eliminating redundancy and errors.