Spotlight: Tabs3 General Ledger

July 2024    Tags: Chart of Accounts, General Ledger, Reconciliation, Reports

Tabs3 General Ledger (GL) is a general ledger accounting application that is based on a double-entry accounting system. Chart of accounts and financial statement formats can be defined, allowing you to use your current chart of accounts. The availability of multiple departments allows you to create reports based on certain departments or the firm as a whole. Journal entries track debits and credits. Optionally create budgets for each expense account, and compare budget and actual amounts from year to year.

GL offers bank and credit card reconciliation, printable deposit slips, summarized or detailed reports to help track your financial data, and more. If you have journal entries that must be made monthly, you can set up recurring entries to easily post a batch of entries once a month in a single process.

GL can be used as a stand-alone ledger application for any business, or it can be combined with other Tabs3 Software applications for full integration. Journal entries can be submitted to GL through Tabs3 Billing, Accounts Payable, Trust Accounting, and also Peninsula Software’s PenSoft® Payroll software. Additionally, a standard input format is included, providing the ability to import journal entries from other software.

For more information regarding Tabs3 General Ledger, contact your local consultant or our Sales Department at (402) 419-2200.