Introduction to the G/L Open Entries module

  • 23/11/2022
  • 2 minutes to read

The G/L Open Entries module allows you to create open entries for your G/L accounts, just like how you manage open entries for your customers and vendors. This feature helps you to keep track of the payments in progress, such as money transfers, transit entries, or social insurance.

This module contains four pages that serve different purposes:

  • G/L Accounts - this page enables users to view and edit G/L accounts.
  • Open G/L Accounts - this page allows users to view the G/L accounts that are marked for building open entries.
  • G/L Accounts - Open Entries - this page is designed to print the report for G/L account open entries.
  • G/L Acc Application - this page provides an interface to apply G/L accounts.

Once the module is activated and set up, you can create open entries for G/L accounts, like for transit accounts, where pending payments aren't immediately shown in the bank statement. This lets you include ongoing payments, avoiding the need for a lot of work fixing mistakes later.

There is a setup page available to assist you with configuration preferences. For example, you can choose to generate open entries from existing entries, opt to display hyperlinks to respective G/L accounts in blue within the report and determine the ability to utilize two open G/L accounts for application.

To open the setup:

  • Use the Search icon, enter G/L Open Entries Setup, and select the related link. For more information on the settings, refer to the Setting up G/L Open Entries article.