The General Ledger in Salon Iris salon software allows tracking
of the financial transactions of your business. These transactions
can be rent payments, utility payments, supplier shipments, written
checks, and most other financial transactions that can occur within
a business. The General Ledger works very much like an interactive
bank account statement. Salon Iris salon software can even calculate the current
balance of your account based on what checks have cleared.
Benefits
Some of the major benefits of the General Ledger are as follows:
- Each entry can be categorized into an unlimited
number of custom- built categories
- Check printing with automatic check numbering
- Automatic stock count update
- If products are received from a supplier
- Automatic retail price changing
- If wholesale prices change, a new retail
price is suggested based on the previous wholesale/retail ratio
- Split entry payments
Split Entries
Additionally, you have the option of splitting an entry. This
will cause a single entry to be sub- divided into multiple entries.
For example, a single invoice from a supplier can contain
multiple items. This invoice can be entered as a single General
Ledger entry using the split feature.
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