General Ledger Summary Report

A General Ledger Summary Report is a summary of asset, expense or liability debit and credit entries that will be posted within an organization's general ledger for a specific period. This report serves as a bridge between payroll processing and accounting, ensuring that all payroll debits and credits are balanced and accurately recorded in the financial accounting system. The data can be exported in a format that can be imported into various accounting software systems.

The report can be used to generate accrual journal entries for pay periods that span two months. In that situation, TimeTrex prorates the accrual using wage data so the journal entry can be split between the applicable months.

General Ledger Summary exports can include negative debit or credit amounts when the selected accounting export format requires them. The report can also export data for multiple legal entities at the same time when multiple legal entities are selected in the report criteria.

 

See Reports for information common to all reports.

 

General Ledger Summary Report Templates
TEMPLATE	DESCRIPTION
by Employee	Shows general ledger amounts grouped by employee.
by Title	Shows general ledger amounts grouped by employee title.
by Group	Shows general ledger amounts grouped by employee group.
by Branch	Shows general ledger amounts grouped by branch.
by Department	Shows general ledger amounts grouped by department.
by Branch/Department	Shows general ledger amounts, first grouped by branch and then by department.
by Pay Period	Shows general ledger amounts grouped by pay period.
by Pay Stub Account/Employee	Shows general ledger amounts, first grouped by pay stub account and then by employee.
Worksheet for General Ledger Mapping	Creates a worksheet showing a list of TimeTrex pay stub account names that can be used to facilitate mapping to the appropriate general ledger accounts in an accounting software.