The standard report 'Condensed Period Balance Sheet' shows the balances of the general ledger accounts for the selected period at the chosen consolidation level in the selected fiscal year.

The standard report 'Condensed Result Comparison' provides an overview of the balance/budget factor, period budget, period balance, and discrepancies per general ledger account.

The standard report 'Condensed Trial Balance Sheet' displays a condensed trial balance for a selected period. It shows the opening balance, totals of debit and credit entries, the balance, and the closing balance per general ledger account. The data is grouped by categories and optionally at sublevels. Totals are calculated per group, and there are options to suppress accounts or groups without transactions. The report supports financial control and preparation for further reporting.

The standard 'General Ledger Journal' report provides an overview of all financial transactions based on journal entries.

Example entry 'General Ledger' in the 'Cash' journal after executing the action 'Cash Payment'. Transaction type 12 General Ledger Payment.

Example entry 'Manual Journal' in the 'Manual Journal' journal after the action 'Manual Journal Entry'. Transaction type 13 Manual Journal.

Example entry 'Manual Purchase Invoice with Approval' in the 'Purchase (manual)' journal following the actions 'Manual Purchase Invoice' and 'Approve Invoice'. Transaction type 15 Manual Purchase Invoice.

Example entry 'Manual Sales Invoice' in the 'Sales (manual)' journal following the action 'Manual Sales Invoice'. Transaction type 14 Manual Sales Invoice.

Example entry 'Manual Purchase Invoice without Approval' in the 'Purchase (manual)' journal after the action 'Manual Purchase Invoice'. Transaction type 15 Manual Purchase Invoice.

Assets, such as machines, that have been depreciated can be taken out of service and potentially sold. This investment needs to be deactivated. In this article, you will learn how to deactivate an asset.

You regularly receive statements from the bank. The bank statement shows the debits and credits for a certain period and the balance of the bank account at that time. In this article, you will learn how to manually book a bank statement.

The standard dashboard 'Trial Balance' provides an overview of the balances of all general ledger accounts, divided into balance sheet and profit and loss. The general ledger categories can also be viewed in an aggregated form up to 2 levels.

The importing of bank statements provides the opportunity to process bank statements automatically in MKG.

In the Payment Transactions module, all payments and receipts are updated. Updating payment transactions is one of the four manual financial entries in MKG.

In MKG, both manual and process-based journals are utilized. Bookings are made in the process journals from the sales, production, or purchasing process. This article discusses general matters about journals and some specific characteristics of process-based journals.

If you use MKG in the Basic financial setup, there are few or no restrictions on the daily operations with MKG. The only thing to keep in mind is that, in case of a serial number change, this change will be applied immediately the moment you save the control variables.