BS1 General Ledger description The General Ledger software tracks budget and actual financial data to produce financial statements The General Ledger software tracks budget and actual financial data to produce financial statements such as an Income Statement and Balance Sheet, GL Totals Screen, GL History Screen, the Trial Balance Report, General Ledger Report and the Bank Book. Data is passed to the general ledger from the AP and AR automatically via Journal Vouchers with expenses and revenues converted from foreign currency to domestic currency.