General Ledger

The General Ledger feature in Salon Iris salon software allows tracking of the financial transactions of your business. These transactions can be rent payments, utility payments, vendor shipments and purchase orders, written checks, and most other financial transactions that can occur in a business. The General Ledger works very much like an interactive bank account statement. Salon Iris can even calculate the current balance of your account based on which checks have cleared.

Benefits of the General Ledger

• Each entry can be classified as one of an unlimited number of customized categories
• Check printing with automatic check numbering
• Automatic stock count update if products are received from a vendor
• Automatic retail price changing
• If wholesale prices change, a new retail price is suggested based on the previous wholesale/retail ratio
• Split entry payments

Split Entries

Additionally, you have the option of splitting an entry. This will cause a single entry to be sub-divided into multiple entries. For example, a single invoice from a vendor can contain multiple items. This invoice can be entered as a single General Ledger entry using the split feature.