General Ledger

General Ledger is a company’s main accounting records. A general ledger is usually a complete record associated with financial transactions above the life of a business. The ledger holds account information that is usually prepare financial phrases, and includes is the reason for assets, liabilities, owner’s collateral, revenues and charges. A general ledger is usually used by firms that employ double-entry bookkeeping procedure – where every financial transaction is posted twice, as both a debit along with a credit, and in which each account provides two columns.