How does the general ledger feature option work in CashManager Plus? 

When you activate the General Ledger feature you will need to specify opening balances and control accounts. If your company was operating in the previous financial year, you will need to enter last year’s closing balances. You can do this via Setup>Edit Opening Balances. The figures come from the closing balances found on the balance sheet. Figures entered as opening balances must be entered into the 'Last Year' closing column. If they are entered against balance sheet accounts they will also appear in the opening balance column.

Check Setup>Reporting Categories to ensure that categories are in place for correct printing on the Financial Statements - i.e. Capital, Current Assets, Non-current Assets, Current Liabilities, Non-current Liabilities, P&L Appropriation - that they do not have the Income/Expense item ticked, and that they are linked to the same descriptions under Financial Statement Group.

If you have activated the general ledger without invoicing you only have to be concerned with two accounts. They are 'Account to be used for Retained Earnings' and 'GST account'. If the invoicing module is activated, which is recommended with PLUS, you will also find an 'Account for Customer Ledger Balance', and an 'Account for Supplier Ledger Balance'.