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 report?

A general ledger is an accounting system used by many businesses to keep track of basic financial information such as sales, accounts receivable and accounts payable. A general ledger report is a s... Read More »

What is general ledger accounting?

General ledger accounting is a double-entry system of recording transactions that occur in a company. Every transaction is recorded in the general ledger, and information is readily available for t... Read More »