The General Ledger accounting facility provides a professional Earned Value based set of accounts. This approach allows the identification and isolation of project prepayment liquidity component.

Bank Management

The Muli System cross references to the Users external bank account to ensure the two systems stay in step, including:
7.11.3 Internal Bank Balance Report (7.11.4)   and Cheque Reconciliation Report ( 5.19.3)

If balances do not agree at the end of a period,  the bank reconciliation report details all payable and receivable  transactions by date to allow rapid discovery of adjustments  required. Bank Reconciliation Report (7.11.5)

General Ledger Process

The Muli accounting processes have been verified by leading accounting companies and the Australian Taxation Office for the production of "Earned Value Project Accounts".

The Muli system has a unique feature allowing multiple accounting periods to be open without the need to close and roll-over before the transactions in the next period may be processed giving extensive flexibility.

The first stage of the production of a set of accounts is the completion of Project Cost Reports (see Project Management Review) based on the management assessment of the project managers cost report, then assessment of projected "project gross contribution" and based on turnover , the "Project Contribution Earned".
Project Contribution Maintenance (7.12.3)
Project Contribution Report (7.12.4)

Trial Balance Creation

This is a very detailed process that reads all the accounts payable and accounts receivable transaction files and based on the accounting period for which the run is required builds a relevant Trial Balance transaction file.  (7.12.7 Trial Balance Report)

This process then produces a very configurable set of General Ledger accounts.

(7.12.11s Balance Sheet definer)
(7.12.10 Profit & Loss)
(7.12.11r Balance Sheet)