What is the General Ledger Report and what is its purpose?

The General Ledger is a core accounting report that displays all accounting transactions (journal entries) that have been recorded across the company’s accounts including assets, liabilities, income, expenses, and equity within a specific date range.

What does the report show?

It displays details of each journal entry affecting any account, including:

• Date

• Entry number

• Description

• Debit and credit amounts

• Running balance

The report includes transactions from:

• Invoices

• Payments

• Expenses

• Returns

• Manual entries

• And more

Why use the General Ledger Report?

• To track all account activities in detail and understand how balances are formed.

• To review accounting entries and fix potential errors.

• It serves as a key reference for accountants and auditors during financial closing or report preparation.

• To validate data accuracy between the system and official financial statements.

When to use the General Ledger Report?

• To view both automated and manual journal entries.

• When reconciling accounts with the trial balance.

• When investigating discrepancies or unusual balances.

• During internal or external audits.

• Before submitting tax or financial reports.

How to view the General Ledger Report in Wafeq

1. From the main side menu, click “Reports”.

2. Under “For Accountant”, select “General Ledger”.

3. Use filters to define:

   • The accounts you want to view (or select all).

   • The date range.

   • A cost center or branch (optional).

4. Click “Apply” to generate the report.