GENERAL LEDGER

Fully integrated with all Providence Energy Management System solutions, the General Ledger is the financial core of your organization, delivering precision, insight, and control in every transaction.

• Seamless integration: Connects with all Providence modules to streamline accounting processes, reduce manual entry, and enhance financial accuracy across systems.
• Flexible financial reporting: Generate essential reports, including Statements of Operations, Cash Flow, and Balance Sheets, with the flexibility to perform comparative and multi-period analysis.
• Comprehensive financial tracking: Maintain detailed transaction records and account balances by fiscal or calendar year, ensuring full transparency of your financial history.
• Unlimited historical retention: Retain unlimited financial data to support long-term trend analysis, audits, and regulatory compliance.
• Real-time inquiry and visibility: Access account balances, sub-ledgers, and transaction-level details instantly through intuitive drill-down capabilities.
• Continuous accounting with open-period design: Eliminate traditional monthly closings and paper-based summarization through an open-period framework that supports continuous accounting.
• Integrated property and cost center ledger: Easily perform organization-specific accounting with full integration to Providence’s Oil & Gas Property Ledger and customizable Cost Center and Subsidiary Ledger posting.
• Consolidated and comparative reporting: Produce consolidated reports across entities and perform comparative analysis to uncover performance trends and financial insights. (Future Release)
• Dual-date balance records: View General Ledger and Service Date balances side-by-side for faster reporting and enhanced clarity into changes across accounting periods.