Introduction to G/L Open Entries
- 3 min.
If you need to work with open entries that are not related to a vendor or customer, this is possible with the G/L Open Entries Module in Continia Finance.
This module is used in a range of scenarios, such as:
- Reconciling clearing accounts, such as transit accounts
- Matching credit card transactions to employee expense entries
- Using interim accounts for handling estimated values of goods
The G/L Open Entries module allows you to use reconciliation actions on G/L accounts, in addition to the standard Business Central function which is limited to customer or vendor accounts.
The module gives you functions to:
- Apply payments to open entries
- Apply partial payments, and handle the remaining open balances
- Generate current and back-dated lists of G/L open entries
- Automate the reconciliation process by analyzing document numbers, amounts, and other fields
Use G/L Open Entries in combination with other Continia Finance features
The G/L Open Entries Module is further enhanced when used in combination with features from the Essential Module of Continia Finance, which is available at no extra cost.
- The Extended Applications feature improves the useability of application pages, but adding coloring to show applied and partially applied entries, as well as a shortcut function for setting the applies-to ID.
- The Balance in Application settings allow for a range of methods for dealing with the remaining balances from partial application to open entries. These settings only become available if Extended Applications is enabled.
- The Ledger Entry Comments feature allows you to attach notes directly to entry lines, such as explanations for partial payments.