• Publish date: August 31, 2021

  • Last update: October 31, 2021

GEN-3 - Infor SunSystems: Financials GL

  • Available languages

    : English, Vietnamese, Chinese

What makes SunSystems Unique?

What makes SunSystems unique is its unified ledgers for real-time updates and minimised duplications as well as errors. From entering journals to reconciling accounts, making inquiries, running reports, etc. Let’s learn everything you need to know about the Financials General Ledger, one of the components of the six core modules of Infor SunSystems.

About GEN-3 - Infor SunSystems: Financials GL

Unlike Subsidary Method

Unlike the traditional subsidiary method of ledgers, there is only one ledger in SunSystems. It combines all accounts and does not require batch updates or sub-ledger reconciliations. This means that all postings are carried out in real time. The idea behind this unified, combined ledger is to avoid duplications and errors. The integration and real-time processing ensure all accounts are always up-to-date and balanced.


Ledger in SunSytems

Ledgers are the backbone of any accounting system. They are the central repository for all accounting data of an organisation and are pivotal to financial reporting.

Discover the Ins and Outs

If you are curious about how SunSystems' General Ledger function differs from other methods as well as how it works, enrol in our GEN-3 course to learn everything you need to know. Discover the ins and outs of Infor SunSystems Financials GL and take your accounting skills to the next level.

Who should take this course?

Whether you are a beginner or an experienced SunSystems user, or you are a:

  • Financial Controller

  • General Accountant

  • Accountant Payable

  • Fixed Asset Accountant

  • Accountant Receivable

  • Accountant Requisition

  • Inventory Accountant

  • System Administrator

  • Our GEN-3 course on Financial General Ledger is designed to provide you with comprehensive knowledge and hands-on, practical examples when using one of SunSystems’ key functions. Plus, you can definitely pick up some valuable tips and tricks to further streamline your daily work and increase your efficiency.

In this course, you will learn…

This GEN-3 course is divided into 8 chapters to help you master the Financial General Ledger function. Each chapter consists of step-by-step videos, quizzes to test your knowledge and hands-on practical exercises. This allows you to better understand the theory and practice the topic you have just learned.

  • Chapter 1

    Basics

  • Chapter 2 – Charts of Accounts

    Charts of Accounts are a critical and foundational part of SunSystems. It comprises a list of all the accounts in the ledger. SunSystems allows you to create as many accounts as you need and use any coding structure you like. This chapter focuses on features you need to be familiar with to create, modify, and close account codes.

  • Chapter 3 – Analysis of Codes

    Learn to take advantage of SunSystems’ global analysis capability to analyse both static and dynamic transactional data. In this chapter, you will learn how to create, amend, and close analysis codes to extract and report on data to meet your unique reporting requirements.

  • Chapter 4 – Entering Journals/ Transactions

    In this chapter, you will explore the Ledger Entry feature, a powerful yet flexible feature that enables you to enter and post the simplest to the most complex transactions in the formats you prefer. Using this feature, you will learn two different methods of entering data: manual and automated, and compare the benefits of the two methods to determine which one is most suitable for you.

  • Chapter 5 – Account Allocations and Matching Transactions

    This chapter focuses on the process of allocating accounts and matching payments to invoices accordingly. Achieving this goal requires you to be familiar with two SunSystems features: Account Allocations, which is used to match transactions on an account, and Allocation Markers, of which there are plenty, and each marker has a specific meaning in the system.

  • Chapter 6 – Financial Inquiries

    This chapter focuses on five predefined inquiries: Account Inquiry, Account Listing, Journal Inquiry, Journal Listing, and Held Journal Listing through different forms and filters, thus enabling you to view only the information most relevant to you.

  • Chapter 7 – Reporting

    The beauty of the combined ledger in SunSystems is that a Trial Balance can be generated anytime because the system always balances. So, let's explore how to run your first Trial Balance in SunSystems and five other reports, following the step-by-step instructions in this chapter: Trial Balance broken out by department, P&L Account, Balance Sheet, Cash Flow, and KPIs report.

  • Chapter 8 – Closing the period and year

    Closing the books is a dreadful task, but not anymore. Now, with the support of SunSystems, period close can be done within 23 hours. Witness firsthand how this is done in this chapter, where we will walk you through the step-by-step process of using Accounting Periods to close the financial year.

Why take this course?

A company's accounting system relies heavily on the general ledger, which is made up of accounts such as assets, liabilities, revenues, expenses, and equity. These accounts provide decision-makers with a comprehensive understanding of the company's financial health when complete and accurate information is provided. General ledgers are also used for financial reporting and analysis purposes.

  • SunSystems offers the unique concept of unified ledgers, which combines General Ledgers with Accounts Payable and Accounts Receivable Ledgers.

  • However, manually maintaining these ledgers can be both time-consuming and prone to errors. To gain a comprehensive understanding of the Financials General Ledger in SunSystems, this GEN-3 course solely focuses on exploring this powerful function.

  • Learn everything from creating and amending account codes to generating trial balance reports and running financial inquiries to enhance your day-to-day operations with GEN-3 today.

Course curriculum

  • 1

    Welcome

  • 2

    Foundation

  • 3

    Chart of Accounts

  • 4

    Analysis Codes

    • Chapter Introduction

    • Create a New Analysis Code

    • Amend an Analysis Code

    • Close an Analysis Code

    • Hands-on: Create, Amend, Close Analysis Code(s)

    • Hands-on: Create, Amend, Close Analysis Code(s), with instructions

    • Extend fields added to an Analysis Code

    • Hands-on: Extend fields added to an Analysis Code

    • Hands-on: Extend fields added to an Analysis Code, with instructions

    • Learning Check
  • 5

    Entering Journals / Transactions

    • Chapter Introduction

      FREE PREVIEW

    • Manual Entry Introduction

    • Create and Hold a Journal

    • Hands-on: Create and Hold a Journal

    • Hands-on: Create and Hold a Journal, with instructions

    • View and Select a Held Journal

    • Post a Held Journal

    • Clear a Held Journal

    • Hands-on: View, Select, Post, and Clear a Held Journal

    • Hands-on: View, Select, Post, and Clear a Held Journal, with instructions

    • Create and Post a Journal

    • Hands-on: Create and Post a Journal

    • Hands-on: Create and Post a Journal, with instructions

    • Import via Q&A Introduction

    • Import Journals via Infor Q&A Template

    • Hands-on: Infor Q&A Template

    • Hands-on: Infor Q&A Template, with instructions

    • Learning Check
  • 6

    Account Allocations and Matching Transactions

    • Chapter Introduction

      FREE PREVIEW

    • C Marker

    • Update Descriptions & L-codes

    • Hands-on: C Marker, Update Descriptions & L-codes

    • Hands-on: C Marker, Update Descriptions & L-codes, with instructions

    • Bank Reconciliation

    • Hands-on: Bank Reconciliation

    • Hands-on: Bank Reconciliation, with instructions

    • Learning Check
  • 7

    Financial Inquiries

    • Chapter Introduction

      FREE PREVIEW

    • Account Inquiry

    • Hands-on: Account Inquiry

    • Hands-on: Account Inquiry, with instructions

    • Journal Inquiry

    • Hands-on: Journal Inquiry

    • Hands-on: Journal Inquiry, with instructions

    • Account listing

    • Journal listing

    • Journal Held listing

    • Hands-on: Account Listing, Journal Listing, and Held Journal Listing

    • Hands-on: Account Listing, Journal Listing, and Held Journal Listing, with instructions

    • Run Account Listing and Journal Listing using Report Manager

    • Hands-on: Run Account Listing and Journal Listing using Report Manager

    • Hands-on: Run Account Listing and Journal Listing using Report Manager, with instructions

    • Learning Check
  • 8

    Reporting

    • Chapter Introduction

      FREE PREVIEW

    • Trial Balance - Standard

    • Hands-on: Trial Balance - Standard

    • Hands-on: Trial Balance - Standard, with instructions

    • Trial Balance - Dept. Break out

    • Hands-on: Trial Balance - Dept. Break out

    • Hands-on: Trial Balance - Dept. Break out, with instructions

    • Profit & Loss

    • Hands-on: Profit & Loss

    • Hands-on: Profit & Loss, with instructions

    • Balance Sheet

    • Hands-on: Balance Sheet

    • Hands-on: Balance Sheet, with instructions

    • Cash Flow

    • Hands-on: Cash Flow

    • Hands-on: Cash Flow, with instructions

    • KPIs

    • Hands-on: KPIs

    • Hands-on: KPIs, with instructions

    • Learning Check
  • 9

    Closing the period/year

    • Chapter Introduction

      FREE PREVIEW

    • Closing the Accounting Period

    • Closing the financial year

    • Hands-on: Close the financial year

    • Hands-on: Close the financial year, with instructions

    • Learning Check
  • 10

    Next Steps

    • What happens next?

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