This course provides a general overview of the features and benefits of using General Ledger in an integrated environment and focuses on how General Ledger integrates with other functional areas in the FreeBalance Accountability Suite™. This Course also focuses on the setup procedures and different types of accounts in General Ledger and how to define budgets for accounts using the FreeBalance application. This course also examines the functionality available to maintain General Ledger records. There is a module that focuses on correcting posted entries as well as changing and deleting account records. Information about the reconcile features in General Ledger are discussed, including the capability of reconciling to other sub-ledgers. Inquiries and reports are also discussed in this course.
- Define bookkeeping and accounting
- Explain the general purposes and functions of accounting
- Describe the main elements of financial accounting information – assets, liabilities, revenue and expenses
- Identify the main financial statements and their purposes.
- Use the accounting cycle to develop financial statements from government transactions
- General Ledger
- Journal Voucher
- Transaction Analysis
- Sub Ledgers
- Financial Statements and Reports
- PFM consultants
- GRP Consultants
- Business Analysts
- Civil Servants
Stores and Inventory Management
The FreeBalance Stores and Inventory Management course is designed to equip individuals with the essential tools and knowledge needed to run efficient, robust, and adaptable warehouse and inventory operations in public sector organizations.
Chart of Accounts
The Chart of Accounts (COA) Course is designed to help government financial managers explore the fundamental design criteria for creating a modern and effective COA. Through this course, participants will learn how a well-designed COA can streamline reporting, provide global visibility and improve compliance.
Overview The FreeBalance Contract Management module is a comprehensive solution designed to streamline and optimize contract management processes in various public sector organizations. This course provides participants with the necessary skills and knowledge to effectively utilize the Contract Management module and gain expertise in managing contracts efficiently. Participants will learn to create, track, and control … Continued