As the foundation of Ramco Financials, General Accounting supports all of General Ledger and Consolidations functions for the enterprise. Comprised of both master and transactional components, General Accounting provides the flexibility and extensibility needed for the largest and most complex global enterprises down to larger mid-sized companies.

The General Accounting master capabilities includes general company setup, bank account information, tax and financial calendars, exchange rates, accounting rule definitions, account-based budgets, along with financial statement layouts. Importantly, General Accounting also contains the organizational setup that describes how entities roll up inside the enterprise.

The General Accounting transaction capabilities include general journal vouchers, bank reconciliations, inter-journal reconciliations, currency revaluations, ledger consolidations, company consolidations, financial calendar closing, and general journal processing.