Solution
General Ledger (Financial Accounting)
A trial balance that balances by construction
Chart of accounts, journals with approval and reversal, trial balance, balance sheet and profit and loss for any period, bank reconciliation, expenses and period closure.
Every customer posting in Zenus Banking Pro has a general ledger counter-leg, so the books cannot go out of balance. A standard microfinance chart of accounts is seeded at setup and edited to match yours; accounts are typed, can be marked non-postable, and can be zero-balance controlled.
Finance staff get journals with submit, approve, reject and reverse steps, the three financial statements for any date range, GL account ledgers in PDF or Excel, payment vouchers for expenses, and a bank reconciliation that imports the bank statement and auto-matches it.
What it does
- Standard microfinance chart of accounts, editable per institution
- Balanced journal entries with maker-checker approval and reversal
- Trial balance, balance sheet and profit & loss for any period
- GL account ledgers in PDF and Excel
- Payment vouchers for expenses, approved by a second officer
- Bank reconciliation with statement import and auto-matching
- Day-end, month-end and year-end routines with retained earnings roll
- Closed periods that nobody can post into
How it works
- 1
Map your products and charges to GL accounts once.
- 2
Operations post; the GL legs follow automatically.
- 3
Finance raises journals and vouchers for everything else.
- 4
Close the period and print the statements.
Related
Works together with
Core Banking Solution
The branch banking core: customer profiles with any number of accounts, account opening with approval, teller cash deposit and withdrawal, tills and vault control, balance enquiry and statements.
Learn more →Transaction Processing
Real-time posting for cash, transfers, multi-credit and multi-debit batches, standing orders and bulk charges, hardened against duplicates, retries and concurrent tellers.
Learn more →Payment Processing & Collections
Loan repayments collected automatically by direct-debit mandate on the customer's card or bank account through Paystack, with retries, deactivation and a full attempt log.
Learn more →See General Ledger (Financial Accounting) on a live demo
A live demonstration on a sandbox with sample data, then a free two-day data assessment for a fixed go-live date.
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