General Ledger Basics. The accounting process is over 500 years old. Modern accounting differs very little from that begun by Luca Bartolomeo de Pacioli, mathematician and father of modern ...

What is the General Ledger Used For? 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 ...

General ledger reconciliations usually start with individual financial accounts. Most companies use financial accounts to record specific financial transactions. Asset, liability, owner's equity ...

It possesses unified ledger accounting functionality, meaning that all the different types of ledgers you use (including the general ledger) are brought together in a single book of accounts. Accounts ...

From the General Ledger numerous reports can be drawn to review the detail journal lines. 6 different TB formats are provided. With full drill-down capabilities to the ledger lines. Plus you can ...

What is Accounting Reconciliation? Reconciliation in accounting is a procedure in which you or your accountant compare two sets of records–like a bank statement and your general ledger–to ensure that ...