No, a general ledger and a general journal are not the same. While they are both involved in recording transactions, the general journal records raw data of business transactions, sequentially.

For accounting departments, no software is more important than the general ledger system. It’s the central hub that summarizes all financial transactions, providing the essential data needed to ...

In the past, companies of that size would likely have installed NetSuite, general ledger software developed in the late 1990s that is still very popular with middle-sized companies. But NetSuite ...