8.1.1.3.2 GL Summary

Financial Ledger pre-built report is based on subject area by the same name. It provides stakeholders with an overall summary of institutions’ Chart of Accounts (CoA) as of the selected date.

General Ledger Analysis and GL Account Distribution

The first two dashboards feature a series of donut visualizations that display the 5 main CoA categories such as Assets, Expenses, Liabilities, Owner’s Equity, and Revenue. Each CoA category has separate donut view for every currency where bank has exposure. The donut shows breakdown for the CoA by the types of General Ledger (GL) data for each currency.

For example: For CoA of Assets, banks may have data spread across various currencies. Donut will show view for Assets spread across their natural currencies by various GL types (means asset types here) like Cash, Inventory, Fixed Assets, and so on.

First dashboard shows the data in local currency, whereas second dashboard shows data in common accounting currency. Third dashboard shows data spread across various GL Accounts for Budgeted Vs Actual Vs Forecasted numbers.

Figure 8-41 General Ledger Analysis

Actual vs Budget vs Forecast

The Actual vs. Budget vs. Forecast visualization provides a view of budgeted GL numbers and their comparison with actual numbers and forecasted numbers for future periods.

By visually depicting these differences, it enables banks to analyze the accuracy of their budgeting and pinpoint areas of over- or under-budget spending, assess alignment with financial goals, and refine future budgets to enhance accuracy and effectiveness in financial planning. Forecasted numbers can give a view into future projections vs current numbers.

Figure 8-42 Actual vs Budget vs Forecast