General Ledger

WolfePak General Ledger

For deeper understanding and a tight grip on your financial performance

The General Ledger is the heart of the WolfePak accounting system. Task-specific input screens permit natural data entry for functions such as A/P and Deposit Entry, without having to think about debits and credits.

The WolfePak system provides easy access to summarized and detailed data, using view screens and flexible reporting options:

Real-time view of account balance trends grouped by account and/or cost center, with drill down features for more detail
Unlimited number of companies (companies can share vendors, customer, properties, owners, accounts, report definitions and more, or each company can have its own set)
Trend reporting (monthly, quarterly, semi-annual, and/or annual) at cost-center level (well level) or summarized and/or grouped into one or more reporting groups (state, county, operator, field and/or user defined fields).
Print groups in multiple levels of summary and/or detail
Unlimited number of user-defined reporting groups of cost centers
User can design custom financial statements or use pre-defined standard reports
Optional consolidation reporting for multiple companies
Full audit trails for creation/approval of entries (multiple reports available that detail all activity)
Drill down to transaction detail level (optional integrated document imaging module displays source document)
No system-required closing procedures at year end — control range of dates open for posting by user or group of users, with different users keeping different dates open
No system-required closing procedures at year end — control range of dates open for posting by user level security

Automatic allocations based on your requirements:
- Fixed percentage
- Budget amounts
- Dollar amount
- Quantity
- Percentage of sales
- Percentage of production, etc.
Supports unlimited number of years of detail with fast, easy viewing
Automatically creates reversing journal entries
Import general ledger entries directly from Excel worksheets
Automatically generate recurring entries at user-defined frequencies — monthly, weekly, annual, first and 15th, etc.
Available utility functions perform mass changes to the account and/or cost center coding for company reorganizations
Define monthly and/or annual budgets for each year (dollar and/or quantity amounts)
Authorized users make corrections to selected posted (but unpaid/unbilled) transactions — make changes to account number, cost center, effective date, AFE, etc. with one click
Print Financial Reports for an entire company, cost center or range of cost centers

The general ledger is the core of the WolfePak accounting system, with easy access to summarized, detailed data with view screens and flexible reporting.

General ledger - new entry