Bookkeeping Financial Accounting General Ledger 
Accounting Tools
FEBRUARY 26, 2024
What is a General Ledger? A general ledger is the master set of accounts that summarize all transactions occurring within an entity. The general ledger is comprised of all the individual accounts needed to record the assets , liabilities , equity , revenue , expense , gain , and loss transactions of a business.
Accounting Tools
JULY 24, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. Its orientation is toward recording financial information about a business.
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Accounting Tools
DECEMBER 19, 2023
The fixed asset accountant , general ledger clerk , and tax accountant are most likely to be involved in the use of journal entries. There may be a number of closing entries at the end of each reporting period that the general ledger clerk is tasked with entering into the accounting system.
Accounting Tools
MAY 21, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Journal Entry? A journal entry is used to record a business transaction in the accounting records of a business. The general ledger is then used to create financial statements for the business.
Less Accounting
OCTOBER 13, 2022
As a small business owner, there are many things you need to be aware of, and one of them is double-entry bookkeeping. What Is a Double Entry Bookkeeping System? You’ll often stumble upon the term “double entry accounting system,” and it is the same thing. Who Should Use Double Entry Bookkeeping and Why?
Accounting Tools
NOVEMBER 1, 2023
Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook An accountant is a person who records business transactions on behalf of an organization, reports on company performance to management, and issues financial statements.
Accounting Tools
JUNE 8, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Accounting Cycle? The accounting cycle is the actions taken to identify and record an entity's transactions. These transactions are then aggregated at the end of each reporting period into financial statements.
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