Double-entry bookkeeping is the concept that every accounting transaction impacts a company’s finances in two ways. The general ledger is the record of the two sides of each transaction.

A general ledger is an accounting record book in which you maintain a record of transactions for each of your company's accounts. The source of information for each transaction is typically your ...

A general ledger is the foundation of a company’s double-entry accounting system. General ledger accounts encompass transaction data needed to produce an income statement, balance sheet ...

Every time a company processes a payroll, it should record a payroll entry in an accounting system ... you can post it to the company general ledger. The biggest debit item in a payroll journal ...