Digits announces Autonomous General Ledger
Accounting Today
MARCH 11, 2025
Accounting automation solutions provider Digits released its Autonomous Digital Ledger solution, intended to directly challenge competitors such as QuickBooks.
Using Caseware and Wagepoint to streamline your EOFY
Xero
DECEMBER 4, 2024
Complete year-end compliance work faster with Caseware Caseware is a Canadian-born, global provider of audit, financial reporting and data analytics solutions for accountants and bookkeepers.
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How to reconcile the general ledger
Accounting Tools
JUNE 16, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger is the master set of accounts that aggregates all transactions recorded for a business. Ensure that all journal entries that should have reversed within the period have been reversed. Ending balance review.
Webinars
Doing More With Less: The Modern Finance Miracle
The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Protect What Matters: Rethinking Finance Ops In A Digital World
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Your Accounting Expertise Will Only Get You So Far: What Really Matters
The difference between the general ledger and trial balance
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.
The difference between the general ledger and general journal
Accounting Tools
MARCH 26, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger and general journal are both components of a double-entry accounting system. Level of Detail Stored The general ledger contains a summary at the account level of every transaction that a business has engaged in.
Bookkeeping Basics for Small Business: What Every Owner Should Know
Remote Quality Bookkeeping
APRIL 14, 2025
In the content below, we seek to provide a helpful small business bookkeeping guide for startups looking to pave the way to long-term success. Bookkeeping is Critical for Business Success Whether youre launching a new business or managing day-to-day operations, bookkeeping plays a vital role in your long-term success.
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Why Did Bench Accounting Shut Down and What Should You Do Now?
Bookkeeping Express
DECEMBER 30, 2024
In a shocking turn of events, Bench Accounting, once a prominent player in the bookkeeping space, has ceased operations, leaving many small business clients scrambling to figure out what to do next. Transfer of Data : Let the Bookkeeping Partner help figure out the transfer of data and how it will work.
Why General Ledgers Matter to Businesses
Remote Quality Bookkeeping
JULY 28, 2023
That’s where a general ledger comes in. What is a General Ledger? A general ledger records every financial transaction conducted by your business. Typically, a general ledger is broken down into several accounts that are organized by transaction type.
App Partners of the Month: Xerocon New Orleans 2022 special edition
Xero
SEPTEMBER 5, 2022
We were excited to reconnect with hundreds of accounting and bookkeeping partners in the United States and Canada, and share the latest product developments across Xero, three years on from Xerocon San Diego in 2019. Xero recently hosted Xerocon New Orleans , one of the most anticipated events on the calendar for cloud accounting leaders.
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General Ledger (GL): Definition, Significance, Implementation
Nanonets
FEBRUARY 28, 2024
Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health?
General ledger definition
Accounting Tools
SEPTEMBER 10, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is a General Ledger? A general ledger is the master set of accounts that summarize all transactions occurring within an entity. There may be a subsidiary set of ledgers that summarize into the general ledger.
General ledger overview
Accounting Tools
JULY 16, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the General Ledger? A general ledger is the master set of accounts that summarize all transactions occurring within an entity.
Product wrap from Xerocon Sydney 2022
Xero
SEPTEMBER 7, 2022
None more so than you all — our valued accounting and bookkeeping partners — who have helped your clients navigate a digital acceleration and shift their business models to survive (and thrive). . upgraded versions of more reports, including Bank Reconciliation, General Ledger, and Journal reports.
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264 General ledger clerk | General ledger accountant job description
Accounting Tools
OCTOBER 5, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger clerk position is accountable for creating journal entries and assembling supporting documentation, as well as for tracking the contents of accounts , creating portions of the financial statements , and writing related disclosures.
General ledger template
Accounting Tools
MARCH 27, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook A general ledger is a file comprised of the accounts used to record the business transactions of an organization. The general ledger has a specifically-defined template, which is used to organize the myriad of transactions that may be stored in the file.
4 Ways Bookkeepers Can Increase Profit Margins From E-commerce Clients
The Successful Bookkeeper
APRIL 20, 2023
Bookkeepers are the backbone to e-commerce businesses, keeping track of financial information and maintaining compliance. As a bookkeeper, you’re probably aware of the complex needs of e-commerce brands, and how this can be a unique opportunity to offer solutions catered to identified areas of need.
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New features announced at Xerocon Nashville
Xero
AUGUST 14, 2024
Our accounting solution just got better We’ve been listening closely to your feedback and have put a significant amount of resources into adapting our software and improving the areas small businesses and accountants and bookkeepers use the most. I’m excited to share our progress.
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How WISS Is Transforming Accounting with AI and Gen Z Talent with Paul Peterson
Insightful Accountant
JUNE 6, 2025
Skip to main content Search Learn More About Our Premium Content | Subscribe To Our Newsletters facebook twitter youtube linkedin instagram RSS Accounting Platforms General Ledger Payroll & Merchant Services Vendor Corner APPS Directory Top ProAdvisor Awards Top ProAdvisor Awards People & Business Practice Management APP Academy Tax Practice (..)
How to post to the general ledger
Accounting Tools
AUGUST 18, 2024
Posting in accounting is when the balances in subledgers and the general journal are shifted into the general ledger. Posting only transfers the total balance in a subledger into the general ledger, not the individual transactions in the subledger. What is the General Ledger?
The difference between accounting and bookkeeping
Accounting Tools
JULY 21, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Accounting? What is Bookkeeping? Bookkeeping involves the recordation of basic business transactions in a recordkeeping system. First, the accountant has more responsibility than the bookkeeper.
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75 What is a general ledger account?
Accounting Tools
OCTOBER 22, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook A general ledger account is a record in which is recorded a specific type of transaction. A separate general ledger account is set aside for each specific type of transaction.
Best Jobs for Seniors: Part Time Jobs in Tax Preparation and Bookkeeping
Intuit
AUGUST 30, 2023
Its tax preparation and bookkeeping jobs provide many benefits. In addition to hourly wages and bonus opportunities, Intuit offers flexible work-from-home schedules, training and educational content to improve your skills, and an enthusiastic community of tax and bookkeeping experts.
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Almost 3/4th of US Accountants Report Increased Profits Last Year
Insightful Accountant
JUNE 11, 2025
Click here to read the rest of the story. Expand Insightful Accountant Newsletter Like what youre reading? .
Steps to perfect your payroll this EOFY
Xero
MAY 17, 2022
Reconcile your accounts, comparing the Payroll Activity Summary report and the General Ledger. The easiest way to do this is to run the Payroll Activity Summary report and compare this to the General Ledger report. . You can run both reports for a custom date range to help identify any discrepancies.
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App partner of the month: EzzyBills
Xero
JUNE 15, 2022
EzzyBills connects to Xero to automate time-consuming tasks such as data-extraction from document line-items, management expense approvals, general ledger coding, and e-invoicing. Extracting the data. The biggest benefit of EzzyBills for our users is the amount of time saved.
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Subsidiary ledger definition
Accounting Tools
JUNE 12, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Subsidiary Ledger? A subsidiary ledger stores the details for a general ledger control account. Thus, there is no need for a subsidiary ledger in a small company.
What is posting in accounting?
Accounting Tools
JUNE 7, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Closing the Books Posting in accounting is when the balances in subledgers and the general journal are shifted into the general ledger. Instead, all information is directly stored in the accounts listed in the general ledger.
How to reconcile accounts receivable
Accounting Tools
JUNE 12, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook The reconciliation of accounts receivable is the process of matching the detailed amounts of unpaid customer billings to the accounts receivable total stated in the general ledger. This is the most common reason for a difference.
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The purpose of a trial balance
Accounting Tools
DECEMBER 28, 2023
A trial balance is an accounting report that states the ending balance in each general ledger account. The purpose of a trial balance is to ensure that all entries made into an organization's general ledger are properly balanced. A trial balance lists the ending balance in each general ledger account.
What is the Difference Between Bookkeeping and Accounting
Billah and Associates
MAY 23, 2018
Bookkeeping vs Accounting For most people bookkeeping and accounting would seem like the same thing. They aren’t to blame really, because both bookkeeping service and accounting service are actually part of the financial cycle that a company follows. The fundamental difference bookkeeping vs accounting is the nature of the work.
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Transaction definition
Accounting Tools
SEPTEMBER 11, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Transaction? A high-volume transaction, such as a billing to a customer, may be recorded in a specialized journal , which is then summarized and posted to the general ledger.
Journalizing definition
Accounting Tools
JULY 25, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is Journalizing? This activity only applies to the double-entry bookkeeping system. Journalizing can result in entries to the general ledger or to subsidiary ledgers. The steps involved in journalizing are noted below.
T account definition
Accounting Tools
JUNE 25, 2024
A T account is a graphic representation of a general ledger account. Related AccountingTools Courses Bookkeeper Education Bundle Bookkeeping Guidebook Example of a T Account In the following example of how T accounts are used, a company receives a $10,000 invoice from its landlord for the July rent. What is a T Account?
What is accountancy?
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.
8 Unique Ways to Use AI for Accounting Firms
Jetpack Workflow
DECEMBER 4, 2024
And that’s a whole different avenue where AI and generative AI can help firms continue to be really productive and create new value for their clients.” Put it into practice: Adopt AI-powered accounting or bookkeeping software that empowers non-tax and accounting employees to produce “ready-to-review” work for CPAs and senior accountants.
Ledger account definition
Accounting Tools
MAY 19, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Ledger Account? A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type.
The difference between a journal and a ledger
Accounting Tools
JANUARY 18, 2024
Related AccountingTools Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook In a computerized accounting system, the concepts of journals and ledgers may not even be used. Thus, the concepts are somewhat muddied in a computerized environment, but still hold true in a manual bookkeeping environment.
Unadjusted trial balance definition
Accounting Tools
JULY 13, 2023
Related Courses Bookkeeping Guidebook Closing the Books The Year-End Close What is an Unadjusted Trial Balance? The unadjusted trial balance is the listing of general ledger account balances at the end of a reporting period, before any adjusting entries are made to the balances to create financial statements.
Financial accounting basics
Accounting Tools
JULY 24, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? The General Ledger The accounts are stored in the general ledger. The Financial Statements The general ledger is also the source document for the financial statements.
Debit and credit rules
Accounting Tools
MARCH 23, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What are the Debit and Credit Rules? They are used to change the ending balances in the general ledger accounts when accrual basis accounting is used. Debits and credits are the opposing sides of an accounting journal entry.
Sales returns and allowances definition
Accounting Tools
APRIL 28, 2024
Accounting for Sales Returns and Allowances This line item is the aggregation of two general ledger accounts , which are the sales returns account and the sales allowances account. The two accounts may sometimes be combined into a single account in the general ledger.
Journal entry definition
Accounting Tools
MAY 21, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Journal Entry? A journal entry is usually recorded in the general ledger ; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.
Account definition
Accounting Tools
JUNE 7, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is an Account? These records are stored in the general ledger. An account can have several meanings in the accounting profession. They are noted below. A business may have hundreds or even thousands of accounts set up in its accounting system.
A Clean and Simple Bookkeeping Client Folder Template
Jetpack Workflow
MAY 19, 2023
It makes your work as a bookkeeper easier , more accurate, and more efficient, leading to greater satisfaction for you and your clients. This guide provides you with a straightforward client folder template that many bookkeepers use to operate more accurately and efficiently.
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