The Excel Accounting Ledger (Double Entry Ledger XL) is s fully fledged financial accounting system in Excel based on the double entry debit and credit logic for businesses. The accounting ledger draws on the functionality of Excel by presenting data in tabular formats and utilizing inbuilt accounting functions and formulas. Financial transaction data can be entered directly into cells and background processes assist with classification and accounting precision. Double entry accounting ledger can be quickly used to produce financial statements and reports for presentations.
Key features of the Excel accounting ledger include:
The system can be secured with login and password credentials.
Accounting ledgers and trial balances calculate and update automatically as transactions are entered.
Accounts can be periodically such as at month, quarter or year end.
Journals can be manually backed up and are automatically backed up on closing the workbook.
Accounting ledgers can be saved or printed for reporting.
Imbalances within accounts and journals are detected and reported.
A dedicated reporting tool allows the creation of multiple period financial reports.
User login activity and changes can be tracked for auditing purposes.
Detailed documentation and help material reduces the learning curve for all users.
Additional worksheets can be added and charts with value added analysis can be made within the system directly from the accounting ledger data.