Business owners commonly use a general ledger to record and maintain their financial transactions. General ledgers provide business owners with one location in which to review financial information ...

Bank reconciliations can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger. The process of preparing a bank ...

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...

The general ledger is a vast historical data archive of your company’s financial activities, including revenue, expenses, adjustments, account balances, and often much more. The detailed transactions ...