The FreightDATA General Ledger application, the "Heart" of the Financial System, maintains the ledger which provides a cumulative analysis of the effects of accounting transactions.

The General Ledger application maintains a separate Transaction File for each period. Additionally, a period may be reopened for adjustments and closed again as often as needed. The system automatically adjusts the balance forwards. An accounting period does not have to be closed before entering transactions for a new period.

Transactions to general journals are recorded using this application. A special feature is provided for reversing amounts into a different accounting period. Recurring journals may be established and automatically posted.

The Financial Statement application provides special management reporting capabilities. All reports (Income Statements, Balance Sheet, etc.) are prepared from a user defined format. Unlimited reports can be composed from any information found in the system. Statements can be produced before the month is closed and current year and/or prior year reports may be created at any time.

The Chart of Accounts is created and maintained by the General Ledger application: General Ledger Account Maintenance and Inquiry.

The history file - Account History Maintenance, contains the monthly budget vs. actual of current and prior year for each account number.