Keeping a general ledger is foundational to your business’s financial success. It tells you how much money you have at any given moment, where your cash is flowing and what your key expenses are.

The general ledger is also known as the main or nominal ledger, because it holds both sides of double-entry transactions. In contrast, the purchase and sales ledgers are called subsidiary ledgers ...

General Ledger. Accounting is a detailed process for recording and reporting a company's financial information. Businesses often use several different ledgers and journals to maintain records of ...

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 ...

Importing into Excel. Once this Print to File option has been created, you can print the general ledger to this printer option from your accounting system and import the resulting .prn file into Excel ...

How a General Ledger Functions With Double-Entry Accounting . A general ledger is used by businesses that employ the double-entry bookkeeping method, which means that each financial transaction ...

No, a general ledger and a general journal are not the same. While they are both involved in recording transactions, the general journal records raw data of business transactions, sequentially.