13-3 Posting Invoice Transactions
Posting Invoice Transactions
Table of Contents
Posting Invoice Transactions 2
Posting Invoice Transactions
Description
To populate the General Ledger package with the data created from the WDLS Finance module, the accountant may either manually enter the necessary data via journal entry or electronically interface the packages. The manual method will require time each reporting period to bring the data into the General Ledger. The manual method may also impose errors within the Ledger. The electronic interface will alleviate both the time requirements and errors of the manual posting.
WDLS may be programmed to directly interface with the General Ledger on a daily or other periodic basis. An electronic data interface may be developed that will populate the General Ledger with the individual transactions created within WDLS. The individual transactions include invoices, credit and debit memos, individual cash payments received, cash applications, etc.
By populating the General Ledger with each individual transaction created within WDLS, the user will be able to see the individual items making up the Ledger balances.