Smart General Ledger (SGL) is an easy to use software implementation of an Accounting General Ledger. A General Ledger records all transactions that occur within your company. To ensure integrity and accuracy of financial information maintained, SGL employs classic double-entry bookkeeping.
But as a user of SGL, you do not need to know anything about double-entry bookkeeping. SGL creates appropriate accounts and entry shortcuts for you so that you can focus on running your business, not your accounting software. Due to the solid foundation of SGL in double-entry bookkeeping, a full audit trail of all information entered into SGL is maintained for subsequent lookups and reconciliation.
Furthermore, you may create additional accounts, modify existing accounts, and control how you post entries to any account. You can even create your own journal entry shortcuts for expedited data entry.
So why is Smart General Ledger so smart? In a traditional general ledger, accounting periods must be defined and closing entries must be made at the end of each accounting year. SGL does not require specification of accounting periods or posting of closing entries.
With SGL, you can prepare a Balance Sheet, an Income Statement and a Trial Balance over any time period, and at anytime. SGL also supports data entry in multiple currencies. SGL automatically translates entries posted in other currencies into your primary currency when preparing Financial Statements.
SGL is a breeze to install, use, and maintain thanks to its minuscule installation size, small memory footprint, online help, and an intuitive user interface. All of your data is stored in a single file that you can easily backup or share with your tax professional.
Here are some key features of "Smart General Ledger":
· No prior knowledge of bookkeeping is necessary
· Built upon the integrity and accuracy of double-entry bookkeeping
· Automatically creates commonly used accounts and entry shortcuts for you
· Full user control over chart of accounts
· Complete audit trail of all amounts posted
· Data entry in multiple currencies
· Automatic translation of amounts posted in other currencies into your primary currency
· Does not require definition of accounting periods
· No closing entries are necessary
· Financial statements can be prepared anytime and over any time period
· Prepares Income Statement, Balance Sheet and Trial Balance
· Very easy to install and use with online help
· Free maintenance releases
Limitations:
· 30 days trial
What's New in This Release: [ read full changelog ]
· Added compatibility for Vista 64-bit version
