The process permits you to review a representative sample of the accounting ... statements match the transactions in the ledger. Because cash-basis bookkeeping focuses on recording transactions ...

A fundamental record used in this cycle is the general ledger. Guide to Filing a Nonprofit ... Because general ledgers use double-entry bookkeeping methods, each transaction recorded includes ...

andresr / Getty Images When it comes to tracking the finances of a business, a double-entry accounting system that uses both a general ledger and ... both of these bookkeeping tasks.