Accounting and bookkeeping are complex practices that require the ability to keep track of countless transactions. There’s always money coming in and going out of a business. To ensure it’s all ...

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 to ...

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 later ...