Transactions are created in sub ledgers on a daily basis, as noted in About Ledgers. The timing of the update to the General Ledger (GL), however, is usually based on each organization's business practices.

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Other organizations update the general ledger on the final days or day of the month. Waiting for end-of-month to update the general ledger is a practice that most Financial Consultants do not recommend, because there is a shorter time frame to identify errors or problems, perform proper research, and to prepare the appropriate correcting journal entries prior to the creation of financial statements.

General Ledger Updates in Aptify

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