The General Ledger software tracks budget and actual financial data to produce financial statements such as an Income Statement and Balance Sheet, the Trial Balance Report, General Ledger Report, GL Totals Screen, GL History Screen, and the Bank Book. No monthly closing of the general ledger required. Automatic reversing journal entries. Optional sub-accounts for branch, division, product group, etc. Complete year-end processing. User-defined Financial Statements, Trial Balance, General Ledger Report and more. BS1 General Ledger is also available as part of BS1 Accounting - Free Accounting Software: AP, AR, GL, Inventory.