The general ledger is at the core of double-entry accounting. It’s a detailed representation of the debits and credits a company makes as money flows into and out of the business.

The general ledger plays an important role in the accounting process. Most businesses use a two-entry financial accounting system where transactions are first recorded in a general journal and ...

The general ledger is a tool accountants use to record transactions. Each time a company makes a transaction, a corresponding journal entry must be made. The company then uses the general ledger ...

The double-entry accounting system, also known as the general ledger, dates back to the 1300s in Genoa, Italy. The system is still commonly used today.

Learn what a trial balance is, how it works, and its purpose in ensuring accurate bookkeeping by ensuring debits equal ...