Keeping a general ledger is foundational to your business’s financial success. It tells you how much money you have at any given moment, where your cash is flowing and what your key expenses are.

General ledger records company transactions, vital for interpreting financial statements. It operates on a double-entry system to balance debits and credits, ensuring accuracy. Understanding the ...

How a General Ledger Functions With Double-Entry Accounting . A general ledger is used by businesses that employ the double-entry bookkeeping method, which means that each financial transaction ...

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 ...

Rillet’s AI makes the installation process relatively painless. It used to take many months to transfer all the data from one general ledger software to another; Rillet can reduce that time to ...