Group name | Description |
---|---|
Financial accounting | This group covers the processes of generating general ledger postings. The general ledger postings are generated automatically based on business transactions records, and it represents the main approach for creating GL account figures. Manual general ledger posting provides accountants a tool for complete GL postings which are enough for the financial statements of the company. |
Financial reporting | This group includes generating financial statements based on general ledger accounts figures, as well as performing financial analyzes and assessing fulfillment of financial plans (budgets). |