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title: "Useful information for the operation of G.L."
canonical: "https://wiki.soft1.eu/space/SS5EN/12060519/Useful%20information%20for%20the%20operation%20of%20G.L."
format: markdown
---
The General Ledger works in a highly flexible way in order to ensure speed and reliability in daily operation, while it requires minimum configuration times in order to adapt to the requirements of each company. 

 1.What you do not have to do each time you create a new company:

 

- Copy Company
- Design General ledger documents design templates /documents
- Create Accounts/ Journals
- Link accounts with tax forms variables
- Link accounts with financial reports

 

 2.Why you do not need to waste valuable time repeating time-consuming procedures each time you create a new company:

 

Because the standard company includes a ready configuration model which is available for use in any new company created using the corresponding job "Create Company".

 3.What does this mean:

 

- All types and series of documents of the standard company are available for selection in the new company, without requirement for any additional action.
- The documents of the standard company shall ensure, whenever used, the update of the accounts - journals in each company.
- The General ledger accounts (chart of accounts) are created automatically through the Create company mechanism. Moreover, there is ability to use, per company and fiscal year, a different chart of accounts which is exclusively available for the specific company.
- Through the General ledger accounts, the variables of tax forms are automatically transferred for the easy and rapid issuance of the respective forms (Periodic, Year-end VAT, E3 Clearance) for each company.

 

 

Concurrently with the creation of the new company, the automated mechanism for the creation of the chart of accounts based on the proposed (template) chart of accounts provides updating and generation of the financial reports, based on the chart of accounts template.