Investopedia / Eliana Rodgers A general ledger is the foundation of a system employed by accountants to store and organize financial data used to create the firm’s financial statements.

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 ...

What makes a law firm a best-in-class financial performer — and how to make my own practice more successful and enjoyable?

General ledger codes are numerals you assign to different ... In addition to using ledger codes to run one-time reports, use them to create totals and averages for income and expense categories.