What is a general ledger reconciliation?

Answer The primary purpose of a general ledger reconciliation is to ensure the accuracy of the basic data input into the company's books. The general ledger is the full collection of all accounts included... Read More »

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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 »

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 »

What is a general ledger used for?

A general ledger is one of the two principal ways of organizing business transactions. The first is a journal, which lists accounts by time. The second is the general ledger, which organizes inform... Read More »

What is general ledger coding?

A general ledger code is an accounting code used to distribute the costs of payment invoices, order releases and invoices. General ledger lookup keys and general ledger key components are the basis... Read More »