Steps for General Ledger Reconciliation. ... Business owners can run the trial balance sheet, which presents financial information in a list format according to the account number, ...

General ledger accounts are set up in what's called the T-account format. In the cash account, revenue is on one side of the T, expense on the other, with entries in chronological order down the ...

Keeping a general ledger is foundational to your business’s financial success. It tells you how much money you have at any given moment, where your cash is flowing and what your key expenses are.