You are here: 53. Introduction to General Ledger Training Manual > 53.3. General Ledger System Setup > 53.3.1. General Ledger Setup

General Ledger System Setup

General Ledger Setup

To setup your general configuration in MGL:

  1. Select MAINTENANCE | EDIT COMPANY.
  2. Select a company.
  3. Select EDIT | APPLICATIONS | MGL | GENERAL.

Micronet displays the General Ledger Setup screen.

  1. Complete the following fields:

 

Field

Value

 

Current Distribution Period

Micronet displays the period MDS is set to. This is updated each time End of Month is run in MDS.

 

Current Creditors Period

Micronet displays the period MCL is set to. This is updated each time End of Month is run in MCL.

 

Current GL Period

Micronet displays the period MGL is set to. This is updated each time End of Month is run in MGL.

 

 

Warning

Never manually change the period for MDS, MCL or MGL.

 

 

Digits in Department

Enter the number of digits for the Department segment in account numbers.

 

Digits in Account

Enter the number of digits for the Account segment in account numbers.
 

Digits in Subaccount

Enter the number of digits for the Sub Account segment in account numbers.
 

Separator in GL Accounts

Set to “-” (dash) if using Departments or sub-accounts.
 

Last Audit Page Number

Enter a sequential page number that prints on audit reports detailing transactions entered to the ledgers.
 

Enable T Accounts

If you want to enable T accounts, select Yes. Otherwise select No.
 

Default to Printing Cheques

Select an option for cheque printing:

  • No Cheque – cheques will be manually written and posted
  • Yes Batch – cheque details will be written to a batch which can be printed at a later stage
  • Print Now – cheque will be printed on completion of entry
  • Record Details, Don’t Print -
 

Use Templates

Select Yes to activate this feature. Templates assist in creating uniformity across accounts. They are generally used when departments are used.
 

Use Control Totals

Select Yes if you wish to use the batch posting reconciliation tool.
  1. Select Ok to confirm.

Micronet redisplays the Change Existing Company screen.

  1. Select FILE | SAVE to save your changes.