A general ledger provides a complete record of financial transactions for a business. Learn how it works, why it is important, and its examples in this guide.

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, and ...

Examples Examples of a general ledger. The general ledger is used differently depending on the account in question, but the balance sheet is the best-known use of it, so we’ll start with that as ...

These summaries are drawn from the general ledger. There may be footnotes in an income statement that describe specific cash purchases, but this is not a reliable source for line-item details ...