A more sophisticated version of the simple General Ledger can be implemented for larger or more complex organisations. This creates a greater focus and emphasis on the financial reporting and analysis within the business. From a reporting perspective, greater detail may be required for the Profit & Loss and Balance Sheet reports. The organisation may still be only one entity without divisions, departments or cost centres, but the Chart of Accounts and the subsequent integration required may be far more complicated.
When implementing a more sophisticated Micronet General Ledger, you need to complete the following steps: