How To Setup and Install General Ledger

1) Create The Account Structure and Account Groups

1. The account Structure setup defines the format of the chart of accounts.  

2. iRely is initially installed with a base chart of accounts.  The recommended account structure is 4 Primary and 2 Profit Center:  Ex:  XXXX-XX   or 4856-01  (Primary -Profit Center).  iRely recommends using the base chart of accounts installed with the software.

1) Account Structure Help

2) Account Groups and Subgroups

1) Account Structure Tutorial

2) How To Add Account Groups and Subgroups

10-30 Min

As needed

2) Segment - Primary (Import)

The Primary account is the account number and name used to identify each account. These accounts are created through the segment Primary Segment.

1) How To Add Primary Segment Accounts

2) How To Import Primary Accounts to an Existing Template

How To Add Segment Accounts

Chart of Accounts Template

1 Hour for Import

2-8 Hours for Account Definition

As needed

3) Segment - Profit Center

Profit centers allow a way to divide primary accounts into various reporting groups. Common profit center classifications may include: location, business line, business segment, product, etc.  

Segment Help

Segment Tutorial

10-45 Min

As needed

4) Build Accounts

Build accounts is the process used to combine the primary segment and the profit center segment.  The two segments are combined to create the chart of accounts.

Build Accounts Help

Build Accounts Tutorial

1-2 Hours

As needed

5) Create Fiscal Year

Fiscal Year defines your year of operations from a financial perspective

Create Fiscal Year

Create Fiscal Year Periods

Create Fiscal Year and Periods

10-30 Min

As needed

6) Import Beginning Balances or

Create Manual Entries

How To Import GL from CSV

Import GL from CSV Tutorial

Import GL from CSV Template

4 Hours

Optional 2-8 hours per year of historic data