Ledger Summary
In the Ledger Summary section of Plan A ERP, you can view a summary of a specific account for a selected duration. This summary provides essential information about the account, including the Account Code, Total Debit, Total Credit, Balance, and a list of transactions.
To use the Ledger Summary feature, follow these steps:
Select the desired duration: Choose the start and end dates for the period you want to view. This allows you to focus on a specific time frame for the account summary.
Select the account: Choose the specific account for which you want to view the ledger summary. This can be an asset, liability, expense, income, or equity account from your Chart of Accounts.
Once you have selected the duration and account, the Ledger Summary will display the following information:
Account Code: The unique code assigned to the account, which helps in identifying it within your accounting system.
Total Debit: The total amount debited to the account during the selected duration.
Total Credit: The total amount credited to the account during the selected duration.
Balance: The net balance of the account, calculated by subtracting the total credit from the total debit.
List of Transactions: A detailed list of transactions related to the selected account within the specified duration. This includes the date, description, debit amount, and credit amount for each transaction.
By using the Ledger Summary feature, you can quickly assess the financial activity and balance of a specific account within a given period. This helps in monitoring account balances, identifying any discrepancies, and ensuring the accuracy of your financial records.
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