General Ledger Setup: The Big Picture

Your financial structure is the backbone to your organization's revenue efforts. Careful planning and implementation of your financial structure ensures consistent and accurate data entry.

Preparation for your financial structure exists in two key areas: Administration and Treasury.

From the General Ledger Setup for an account system in Administration, you specify information such as general ledger accounts, segments, and transaction mappings. Using these tools, you can create general ledger distributions for transactions that will later be entered in Altru. You also need to set up bank and bank account information, create deposits, and link payments to deposits in Treasury.

After you set up both areas, your financial structure allows those in your organization to successfully enter transactions, such as pledge and recurring gift payments. You can then post these transactions to your external general ledger. External (or third party) signifies that your general ledger exists outside of Altru. When you post, a post file is created that includes information about each transaction. You can then import that post file into your external general ledger.