Update_General_Ledger_Checklist_Basics

Update General Ledger Checklist Basics

You need to update transactions created in Asset Management to Caselle General Ledger so the financial activity recorded for assets is reflected in the organization’s accounting records. This ensures acquisitions, depreciation, disposals, transfers, and adjustments are properly posted to the correct GL accounts.

Updating transactions helps keep Asset Management and the General Ledger synchronized, which supports accurate financial reporting, reconciliation, audits, and year-end processing.


Perform this task once a year

Use this Checklist to update transactions created in Asset Management to a Caselle General Ledger.

 

Task  

General Ledger procedures

Update General Ledger.

Run the General Ledger Update to update transactions that have been created in Asset Management to the General Ledger.

Do this...

1. Open Organization > Update General Ledger.

2. Set up the options to update transactions to the General Ledger.

3. Click GO (CTRL+G).

Print GL Reconciliation Summary Report.

Use the GL Reconciliation Summary Report to view the totals posted to the General Ledger.

Do this...

1. Open Reports > GL Reconciliation Summary Report.

2. Set up the report options.

3. Click Print (CTRL+P).

Compare and balance to General Ledger Accounts.

Use the GL accounts to compare balances from the GL Reconciliation Summary Report and Depreciation Schedule.

 

 

    • Related Articles

    • Update General Ledger Checklist Basics

      Use this Checklist to update transactions created in Asset Management to a Caselle General Ledger. Perform this task once a year Task General Ledger procedures Update General Ledger. Run the General Ledger Update to update transactions that have been ...

    • Daily Checklist Basics

      If you run Backflow Management for your organization, you may find it easier to create a checklist to help you remember when and how to complete tasks in the Backflow Management application. A general daily checklist is included in the application, ...

    • How do I update the general ledger?

      Run the Update General Ledger routine to post transactions that are created in the Payroll application to a Caselle General Ledger. Payroll distributions will post to the PC journal. Payroll transmittal checks will post to the CDPT journal. Payroll ...

    • How do I update the General Ledger?

      Run the Update General Ledger routine to post transactions that are created in the Check on Demand application to a Caselle General Ledger. Webinar: Check on Demand Refresher Training Watch a video Topic Time Marker Update General Ledger 44m04s Check ...

    • How do I update general ledger?

      Post the transactions from the Utility Management application to the general ledger. Updating the general ledger may or may not be your responsibility, depending on your organization's policies and job assignments. However, it is still important that ...