The entries are copied over into the general ledger, usually monthly, to keep the company's books straight. The journal serves other purposes, such as tracking inventory, wages, and other costs.

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General ledger interface. This feature links your company’s accounting systems to your payroll operations to keep all financial records in sync, secure and up-to-date.

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A general ledger interface that enables export into QuickBooks, Xero, Wave, Creative Solutions or a generic file. Employee access to new-hire paperwork, pay history and W-2s/1099s.

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For example, a clearing account used to record utility expenses may be closed monthly. An account of daily cash receipts might be closed each day. Suspense accounts work a bit differently.

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