Why reconcile general ledger accounts?

Answer A company's general ledger shows the detail of all the company's transactions during a given period. Proper reconciliation of general ledger accounts involves reviewing general ledger entries to so... Read More »

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How to Reconcile a General Ledger Account?

Good accounting controls means knowing what's in your balance sheet. If you don't reconcile your accounts on a regular basis you can't be sure if your financial statements are correct. Follow these... 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 »

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 »