If you read through the Evolution page, you may wonder why the general ledger is not the main concern of the system.
Basically, accounting is the recording, classifying and summarizing of the financial transactions. By not developing the accounting first we have given the system a human touch first, that is to consider what is the most efficient and easy to use way to handle the situation than just financial reporting.
Later on, we have added the Journal Entry Template concept to automate the creation of those financial transactions.
When most of the chart of accounts are created automatically and transactions under the interpretation of the journal entry templates are processed, this will give a quick and accurate picture of financial positions to readers of the financial statement or to account inquiry.
This is a difficult concern to digest and is unique to CPAnywhere only. But once you used it, you will never want to go back to the routine accounting system.
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Difference between traditional accounting system and CPAnywhere General Ledger system
Other than that, CPAnywhere general ledger has the usual journal entry, trial balance, income statement and balance sheet.