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 »

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 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 »