Ledgers

Companies may have to prepare financials to meet the needs of several different accounting standards - domestic or international, or even particular requirements dictated by corporate parent companies.

 

In Mondial CRx, Ledgers can be created for each of these reporting cases.

 

In effect, a Ledger is a 'container' for transactions that are required to bring a company's accounts into compliance with a particular standard. Furthermore a ledger is available for selection using both templated reports and the Mondial report Writer.

 

For example, a company might create a ledger for local reporting called "Canadian GAAP", for reporting to a parent "US GAAP" etc.

 

From a reporting perspective, Ledgers can work closely with Alternate Accounts sets, so that not only  the correct set of data is selected (using the Ledger), but a report is formatted in the required chart of account  structure/grouping (using the Alternate Account set) 

To create a new ledger, click on 'Ledgers' from the Enterprise Setup dropdown.

This will redirect you to a list of the ledgers created within your organization previously; as shown below:

To create a new ledger, click on the "Add Ledger" icon on the top right section of the page. 

clicking on the option will redirect you to a set-up page. To create a new ledger, enter the relevant information into the data entry fields shown below:

Once the relevant information has been keyed in, click on "Create Ledger" and a newly defined ledger will be presented in the organization's list. 

There are a couple of actions that can be done to the ledgers defined in the list of ledgers. 

1. Editing a Ledger

2. Deleting a Ledger

Editing a Ledger

First, new ledgers can be edited. To do this, click on the pen icon related to a ledger. The editing column is pointed out below:

Clicking on an editing icon will redirect you to the set-up page. For example, clicking on edit the US GAAP ledger from the list of ledgers above would present the following screen:

After changing the information, click on the "Update Ledger" icon and the changes will be applied to the ledger. 

Note: If you are creating a Group Consolidation Ledger, check the boxes related to the relevant transaction types. 

Once every configuration setting has been set up, click on "Create Ledger." A confirmation pop-up will appear to confirm that the changes have been made as shown below:

2. Deleting a Ledger

To delete a ledger from the ledgers available in the list, click on the "Bin" icon on which is the last icon displayed on any particular row

A pop-up message will appear asking you to confirm the action.

Click "Ok" to progress with the action or "cancel" to stop deleting.

A pop up should appear confirming that the ledger has been deleted: