Introduction to General Ledger?

Answer A company's general ledger is a detailed listing of every business transaction. The amount of information input into the general ledger will depend on the business owner's preferences as well as th... Read More »

Top Q&A For: Introduction to General Ledger

Difference Between a General Journal & General Ledger in Accounting?

Accountants use different tools when recording and reporting a company's financial transactions. Two of the most common tools are the general journal and general ledger. Most -- if not all -- compa... Read More »

How to Understand the General Ledger?

Within the Accounting Department of a business, the general ledger is an important component. Records of the company’s accounts are stored in the general ledger. Included are accounts for curren... Read More »

How to Maintain a General Ledger?

A general ledger acts as a summary of financial information about a company. The purpose of a general ledger is to show current balances in key areas. A general ledger should have four basic sectio... Read More »

The Risks of General Ledger Reconciliation?

Reconciliations are a common accounting tool to manage financial information. Reconciliations are a review process where business owners, managers or accountants compare information in a financial ... Read More »