General Ledger Software
What is general ledger software?
General ledger software is a type of platform that instantly develops financial reports from aggregated transactions across various business entities.
General ledger software can perform many functions, including
- Financial reporting
- Reconciliation
- Entry management
- Balance management
- Multi-currency accounting
- Security and compliance
- Multi-entity accounting
- Structure management
General ledger software also integrates with
- Accounts payable and accounts receivable management solutions
- Treasury software
- Payroll software
- Asset management system
Why is general ledger software important to healthcare?
General ledger software is important to healthcare because it lets healthcare organizations compile financial data across different facilities and business units—for example, healthcare organizations and companies with subsidiaries that may have separate accounting or regulations.