General Ledger Operations

The GL Interface is a key component to CentreBill and the manner in which it seamlessly integrates into accounting systems.

The GL interface creates a file which is exported to the accounting system as a batch operation. This operation is initiated by the user. The frequency of the export is entirely at the discretion of the user and would be based on the provider's business rules. A daily end-of-day export would be advisable with a full reconciliation performed each day at close of business. Any problems which may have occurred during the day would then be identified and be manageable.

It is desirable that at the end of each day, the provider's balance sheet and P&L reports are fully up to date. This is close to real-time management and allows for the provider to closely and accurately track and monitor the performance of the business on a day by day basis.

During the course of operation, all financial transactions performed by CentreBill continuously and behind the scenes touch the GL interface file. CenterBill may thus be viewed as an integral and critical part of the provider's business.

The various functions behind the GL OPerations are described hereafter.