General Ledger (GL) is a company's main financial record that tracks all money coming in and going out. It organizes transactions into categories like assets, liabilities, equity, revenue, and expenses. Businesses use it to organize their finances and create reports like balance sheets and income statements.
Here's how to set up the General ledger in Sprout Payroll: General Ledger: Set-Up and Report
In case you wish to delete a General Ledger Account, please note that the "DELETE" option will be available if there's no assigned adjustment to it. Here's how to remove and delete a GL Account
1. Go to Set up, Company then select General Ledger
2. Locate the General Ledger Account you wish to Delete. Then click "Edit".
3. Untick the Adjustments from the Adjustments drop-down. On the right side of the drop-down, you can see the number of items. You can click "Load more" to reveal the remaining adjustments. Once all adjustments have been unticked, click the "Update" button.
4. Click the "Delete" button and a pop-up message will appear. Just hit the "Delete Account"
That's it! You are now able to delete a General Ledger Entry.
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