General Ledger System Accounts: Automated Accounting Systems are organized set of manual and computerized accounting methods, procedures, and controls to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data from computerized systems. For any accounting system to work it needs to understand the distinction between balance sheet and profit and loss items. Automated systems also provide posting of certain special transactions to specified accounts. For these functions to work, seeded accounts types and accounts are defined in the automated systems. These mandatory pre-defined accounts and account types are referred to as “General Ledger System Accounts”.