What is meant by Posting list?
The "posting list" is a compilation of all bookings or transactions recorded in an accounting system. It serves as a chronological record of all financial activities of a company and forms the basis for financial reporting and accounting.
Typical Functions of posting list Software:
- Automatic Recording: Automatically capturing all bookings from various modules such as purchasing, sales, bank, cash, etc.
- Account Reconciliation: Assisting in reconciling bookings with the corresponding accounts in the general ledger.
- Filter and Search Functions: Ability to filter and search for specific bookings based on criteria such as date, amount, category, etc.
- Customizable Views: Adjustable views and layouts of the booking list for customized display.
- Export Functions: Exporting the booking list into various formats like Excel, PDF for reporting purposes or external audits.
- Historical Data: Access to past bookings for review, analysis, and auditing.
- Security and Access Control: Ensuring that only authorized users have access to the booking list and its details.
- Reporting: Generating reports on booking history to gain insights into the company's financial performance.