Reconciling your general ledger is comparable to balancing a checkbook. Put as simply as possible, you want to make sure all of your accounts are balanced, meaning your debits and credits are ...

General ledger codes are numerals you assign to different ... To make your codes more helpful, assign numerals a specific meaning for easier sorting. For example, begin all debit categories ...

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 ...