General Ledger

General Ledger,
built for scrap

Your financials should move as fast as your yard. ReSpark creates them from the work already happening — tickets, settlements, shipments, and inventory — so operations and accounting finally live in one system.

Real-timefinancial visibility

Oneconnected system

Zeroduplicate entry

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38 accounts·Synced just now

Account #	Account Name	Sub-Type	Description
Assets(23 accounts)
10001	Cash and Cash Equivalents	Cash & Equivalents	Parent rollup of all cash accounts
10001-1	Main Checking Account	Cash & Equivalents	Primary operating bank account
10001-4	Default Cash Drawer	Cash & Equivalents	Till register at the scale house
10001-9	EFT Clearing — Outbound	Cash & Equivalents	Electronic funds transfer clearing
10001-16	Scale House Cash Drawer	Cash & Equivalents	Till register at the main scale house
11001	Accounts Receivable (A/R)System	Current Asset	Customer invoices awaiting payment
12002	InventorySystem	Current Asset	Parent rollup of all inventory sub-accounts
12002-1	Inventory - Ferrous	Current Asset	Ferrous scrap stock — HMS, P&S, shred
12002-2	Inventory - Non Ferrous	Current Asset	Non-ferrous stock — copper, aluminum, brass
13001	Tax Recoverable	Current Asset	Sales tax refundable from authorities
Liabilities(2 accounts)
21001	Accounts Payable (A/P)System	Current Liability	Supplier settlements awaiting payment

What ReSpark changes about general ledger

The old way creates work. ReSpark replaces it.

Without ReSpark

Generic accounting software wasn't built for fluctuating commodity pricing or settlements.

Freight deductions and inventory valuation live outside the books.

Multi-yard and intercompany activity require manual consolidation.

You wait until month-end to understand where the business stands.

With ReSpark

Operations and accounting in one connected system, built for how scrap yards actually work.

Every transaction flows from the yard with the right accounting logic behind it.

Real-time financial visibility across every yard — no duplicate entry, no waiting.

Key Capabilities

One connected system for operations and accounting.

ReSpark connects the operational activity that drives your business with the financial records your team needs to close, report, and reconcile.
- From scale tickets to settlements, every transaction flows through with the right accounting logic behind it.
- Fewer manual handoffs, cleaner books, and better visibility across the entire business.
Purpose-built for the accounting realities of scrap — commodity pricing, settlements, freight deductions, inventory valuation, and multi-yard operations.
- Purchases and sales, AR/AP, settlements, invoicing, and payments.
- Freight and deductions, inventory movements, multi-entity and intercompany activity, yard-level visibility, and ERP integrations.
The ReSpark Finance Agent automates the manual work that slows finance teams down — connected back to the activity already happening in ReSpark.
- Upload settlement PDFs, match line items, flag variances, and review exceptions.
- Your team stays in control while AI reduces the busywork.
Financial activity starts at the source, so your team stops spending time cleaning up the past.
- A ticket becomes a transaction; a shipment becomes revenue.
- A settlement becomes reconciliation; an inventory movement becomes financial visibility.
Know what's happening across your yards without waiting for manual reports, spreadsheet updates, or month-end close.
- Finance and operations teams work from the same trusted data.
- Better decisions with better numbers, in real time.
The General Ledger is part of ReSpark's larger vision: one connected platform for the entire scrap and recycling operation.
- From the scale house to the back office, run smarter and move faster.
- See the business more clearly across every yard and entity.

FAQ

Frequently asked questions.

Why a scrap-specific general ledger?

Because generic ledgers don't model commodity pricing, mill settlements, freight deductions, inventory valuation, or multi-yard attribution. Those are the entries that create the work in a scrap close.

Where do journal entries come from?

From the activity already happening in ReSpark. A ticket becomes a transaction, a shipment becomes revenue, a settlement becomes reconciliation, an inventory movement becomes financial visibility — no re-entry.

How does it prevent people from changing closed periods?

Period locking blocks backdating, pre-lock review surfaces open items before you finalize, and straddle support handles transactions in flight across a period boundary cleanly.

Does the GL replace our accounting system?

It can, for organizations migrating off legacy accounting. If you'd rather keep QuickBooks, Sage Intacct, NetSuite, or Dynamics 365 as the system of record, ReSpark runs the subledgers and syncs to it instead.

What does the Finance Agent add?

It processes mill settlement documents in any format, matches line items against outbound shipments, flags variances, and queues exceptions for review. Your team approves; the AI removes the re-keying.

Part of

Finance & Accounting

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Finance & Accounting

Operational data flows directly to your books. Settlements, invoicing, and reporting that close the gap between what happened in the yard and what shows up in accounting.

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