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Highlights:

      • Each general ledger account balance can be broken down into account balances reflecting original transaction currencies
      • Suits any implementation scenario as it can cover any extension level from full-size general ledger to specific shadow ledger considering selected products and valuation elements
      • 360-degree breakdown and drilldown to configurable portfolios, individual deals, accounting transactions, valuation results and even underlying cash flow plans
      • Support of period-end tasks such as zeroisation of profit and loss accounts or FX valuation
      • Consolidation considering intra-company and inter-company deals depending on the level of consolidation


The blueprint Financial Accounting contains a general ledger.

This general ledger supports multiple GAAPs in parallel. 

For each GAAP it can be decided if the implementation should cover a

  • Full-size general ledger
  • Shadow ledger or 
  • Shadow ledger light.

Figure: Drilldown from general ledger account balance 


A General Ledger consists of

  • Balance Sheet
  • Profit and Loss
  • Chart of Accounts

It can deal with

  • Multiple GAAPs in parallel (The General Ledger contains a separate chart of accounts for each GAAP)
  • Multiple tennants (The General Ledger supports consolidated views)
  • Multiple currencies (The General Ledger keeps all bookings in original transaction currency as well as in functional currency)

The General Ledger

  • Allows analysis at account, product, customer, business and project level with results aggregated at account / cost center level.
  • Allows more accurate and efficient product control as entries are made at detailed and consolidated levels.
  • Enables easier automation of reconciliation with minimal manual intervention as detailed or transaction-based data can be tracked and analysed in multiple dimensions.

In a multi-GAAP environment, it is possible to run e.g.  a full-size general ledger for IFRS and a shadow ledger light for local GAAP which focusses on the specific valuation elements for a specific portfolio.  




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