Chart of accounts (CoA): A list of every account in the general ledger, somewhat comparable to a table of contents. Journal entry: The record of a single transaction. Why do companies use general ...

The table below is a simple example of what a double-entry general ledger may look like. The transaction details contained in the general ledger are compiled and summarized at various levels to ...

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 ...