02 — Capability · BC-210.10
General Ledger & Close
Keep a single ledger of record that every subledger reconciles to, and close each period on a schedule the business can plan around rather than wait for.
- Record to Report
- Period-End Close
In scope
- Chart of accounts design and maintenance
- Journal entry preparation and approval
- Account reconciliations and the close checklist
Out of scope
- Transactions originating in payables or receivables (see BC-260 and BC-250)
Realized by · 3
Used in · 4
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-210.10.10Chart of AccountsDefine and govern the account structure and dimensions so every entry lands in a place that reporting and analysis can use without remapping.
- BC-210.10.20Journal Entry ProcessingPrepare, review and post manual and automated entries with the support and approvals that let an auditor trace each one to its reason.
- BC-210.10.30Account ReconciliationProve that ledger balances agree with bank statements, subledgers and third-party records, and clear the differences before they become findings.
- BC-210.10.40Period-End CloseRun the close as a repeatable, timed sequence of tasks with owners and dependencies, so the books are final by a date everyone knows in advance.