GL Controls

A general ledger account is a primary component of a general ledger. A GL account records all transactions for that account. The transactions are related to various accounting elements, including assets, liabilities, equity, revenues, expenses, gains, and losses. For example, cash and account receivables are part of the company’s assets. On the ledger, each of the assets will have its own GL account.

For a large organisation, a general ledger can be quite complicated. To simplify the audit of accounting records or the analysis of records by internal stakeholders, subsidiary ledgers can be created.

A subsidiary ledger is a sub-account related to a GL account that traces the transactions corresponding to a specific company, purchase, property, etc. If a GL account includes sub ledgers, these are called controlling accounts/GL Controls.

APM is designed to sit on top of the standard Kinetic Posting Engine and functionality.

APM provides transaction entry forms that extend the standard transaction entry forms, allowing the capture of additional information like Cost Code analysis. However, these transactions are posted into the General Ledger using the standard Kinetic Posting Engine.

The APM General Ledger Control is only used in three, APM-generated transactional places:

Otherwise, all other General Ledger postings use the standard Kinetic Posting Engine - including the Product Group, INVCOSWIP and Project Billing Posting Rules.

APM then pulls the GL transactions into the APM Project Ledger and Analysis tables.