Wave Accounting’s general ledger comes with a pre-built chart of ... you want to make sure all of your accounts are balanced, meaning your debits and credits are perfectly weighted.

The meaning of LF is ledger folio number ... A folio has similar applications in accounting. It's used in financial journals and ledgers to indicate entries. An LF can be defined as the page ...

In the general ledger, all accounting activities are summarized ... the next step is to make sure the entries balance out, meaning total debits equal total credits. This is done by building ...