In the General Ledger (GL) module, COA definition is a critical factor that can impact how a business operates on a day-to-day basis.

At the core of the general ledger lies a company's COA, or ensemble of GL account numbers. Each company has the ability to create multiple charts of accounts. On the outer walls of the accounts are unique segments, categories, allocations, references, and configurations which define each account the chart contains. The design of each wall significantly impacts the ability to easily prepare financial reports for each area of business in a company.

Fiscal calendar definition also greatly affects how transactions display within reports and also how they post to the general ledger. Each calendar defined contains fiscal years and periods which provide a map of date ranges that guide transactions to post to precise groups based on individual posting dates. This transactional separation allows companies to keep accurate records for a set fiscal year, and furthermore, for multiple fiscal calendars.

Similar to all financial modules in your application, the GL module follows a transactional hierarchy, but it can ultimately be changed to suit a company's needs through the setup and use of GL controls and user-defined posting rules.