The accounting general ledger is a report that provides a detailed description of every general ledger account and the transactions that make up the balance in that account. The general ledger ...

Both the General Ledger report and the Transaction Details by Account report allows you to view all of the "double" entries for an account. Advertisement. Article continues below this ad.

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.

The general ledger summarizes the many credit and debit accounts of the business. In effect, it’s a measure of shareholder equity because it accounts for both assets and liabilities. While it’s much ...

In the General Ledger, transactions are posted to an "Accounting Key" consisting of six segments: Account (ACCT), Subaccount (SUB), Balancing (BAL), Organization (ORG), ... The balance sheet ...

Over time some general ledger accounts will fall into disuse, perhaps because the underlying transaction volume is low or the systems for which they originally were designed no longer are used.

The general ledger is where the transactions are recorded and will reflect how both credits and debits are impacted by a transaction. Asset accounts increase when debited and decrease when credited.

The general journal records raw, date-sequenced transactions, while the general ledger organizes these transactions into key categories, including assets, liabilities, and revenues.