General Ledger

The Foundation of Your Financial Operations

Build your finances on a rock-solid ledger that posts in real time, handles multi-entity consolidation effortlessly, and closes the books in hours instead of days. Workisy's General Ledger connects every sub-ledger into a single source of truth your CFO and auditors will love.

General Ledger
Mar 2025

$4,200,000

Assets

$1,800,000

Liabilities

$2,400,000

Equity

Journal Entries
5 entries
DateAccountDescriptionDebitCredit
Mar 181000 - CashClient payment received$45,000
Mar 184000 - RevenueService revenue - Acme Corp$45,000
Mar 155100 - SalariesBi-weekly payroll$128,500
Mar 152100 - PayablePayroll liabilities$128,500
Mar 121200 - EquipmentOffice equipment purchase$8,750

Trial Balance — Balanced

Total Debits & Credits: $182,250.00

Verified

Features

Powerful Capabilities, Built for Scale

Every tool you need to run a world-class operation, from day one to enterprise scale.

Multi-Entity Chart of Accounts

Design a unified or segmented chart of accounts across subsidiaries, branches, and cost centers. Hierarchical groupings roll up automatically for consolidated reporting while preserving entity-level detail.

Automated Journal Entries

Recurring entries, accruals, depreciation, and inter-company eliminations are generated on schedule. Template-based entries reduce manual posting by over 80% and eliminate transposition errors.

Real-Time Ledger Balances

Every transaction posts instantly, giving your finance team up-to-the-minute trial balances, income statements, and balance sheets. No more waiting for batch processing to see where you stand.

Period-Close Management

A guided checklist walks your team through month-end and year-end close. Lock periods to prevent back-dated entries, run variance checks, and generate close packages — all from one screen.

Multi-Currency Support

Record transactions in any currency with automatic conversion using real-time or fixed exchange rates. Unrealized gain/loss calculations and revaluation entries are handled at period close.

Drill-Down Audit Trail

Click any balance to drill down through summary accounts to individual journal lines, then to the source document — invoice, receipt, or payroll batch. Every change is timestamped and attributed.

Inter-Company Accounting

Automatically generate matching entries across entities when inter-company transactions occur. Elimination entries for consolidation are created with a single click, keeping group-level statements accurate.

Dimension & Segment Tagging

Tag every journal line with up to ten custom dimensions — department, project, region, product line — enabling multi-dimensional reporting and analysis without restructuring your chart of accounts.

How It Works

Up and Running in Three Simple Steps

1

Configure & Map

Import your existing chart of accounts or use industry templates. Map sub-ledgers — payroll, AP, AR, inventory — so that source transactions flow into the correct GL accounts automatically.

2

Post & Validate

Transactions post in real time from integrated modules or manual journal entries. Validation rules catch unbalanced entries, missing dimensions, and policy violations before they hit the ledger.

3

Close & Report

Follow the guided period-close checklist, review automated variance reports, lock the period, and generate financial statements and audit packages — all within hours, not days.

Results That Speak for Themselves

Measurable Impact on Your Business

Up to 70%

Faster Month-End Close

Up to 85%

Fewer Manual Journal Entries

Up to 99.9%

Posting Accuracy

FAQ

Frequently Asked Questions

Ready to See It in Action?

Book a personalized demo and discover how Workisy can transform your operations in weeks, not months.