We need a General Ledger not Account Transaction. Please revamp your report
Anonymous
shared this idea
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Srikanth Garlapati
commented
Worst experience I can say.
That is the minimum thing we need.
I would not have subscribed to this if I knew earlier.
I should be able to download the complete Ledger book in pdf format. -
Anonymous
commented
Please be advised that the current "General Ledger" report is not considered a true general ledger by most accountants. There is no opening balance - and now way to see detail supporting the balances.
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Anonymous
commented
Yes, this is a big issue. In the US, the IRS has been known to request an electronic copy of the general ledger (in lieu of the old Accountant's copy).
As a work-around for my newer clients, I download the Account Transaction report for all accounts into a csv, sort the data by account code, and then subtotal net amounts (debit - credit) by account code.
It's not perfect by any means (especially because a clean chart of accounts is more difficult to maintain in Zoho since it's not a required field and values don't have to be unique).
Please be aware that the current download seems to poop out around 15K in transactions - so you may need to download account transaction in multiple rounds. :(
Even under our work-around, I'm afraid we would have to do a lot manual clean-up in the event of an audit. Not wise to provide the IRS more info than they request. However, this approach does allow us to see account transaction activity and tie it to balances until Zoho can provide a real report.
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Carlos Vilchez
commented
If I could use all 10 of my votes on this I would.
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Carlos Vilchez
commented
Yes, I can't believe a proper general ledger is not part of the system. This is accounting 101.
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Andrew
commented
Any news on this ?
Road map?