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The General Ledger, or GL, is an accounting term used to describe an entity’s complete record of financial transactions. It holds all of the financial information required to prepare financial statements, aid budget managers and support strategic planning.Īt Carleton University, the FOAPAL is an accounting string used to record entries into the GL and allows for segregation of financial activity into assets, liabilities, revenues, expenses and Fund balances. The general ledger typically includes a front page that lists the names of the accounts documented within, and this list is known as the 'chart of accounts.' The documentation of one account within the general ledger is referred to as an 'account ledger.' Sub-Ledgers.
#General ledger software#
Note: To avoid losing real data, during testing/setup, back up the live general ledger data in your accounting software prior to importing any new test GL entries from Avionté. The General Ledger (GL) is UCIs chronological accounting record used to keep track of all of our financial transactions.
#General ledger full#
If your business is too small to afford a full time accountant on staff. Click the image to access an interactive training course walking through the configuration and weekly process of the General Ledger feed. If they don’t balance, your books and financial statements will be inaccurate. In your ledger, record transactions using debits and credits. SAP Concur Travel and Expense Reimbursement The General Ledger has provided Bookkeeping Services. Your general ledger is a record used to sort and summarize business transactions.