The general ledger is a tool accountants use to record transactions. Each time a company makes a transaction, a corresponding journal entry must be made. The company then uses the general ledger ...

General Ledger Purchase Example. The general ledger is also known as the main or nominal ledger, because it holds both sides of double-entry transactions. In contrast, the purchase and sales ...

That, in turn, makes it impossible to discern stockholders’ equity in the company. Thankfully, companies following double-entry accounting and Generally Accepted Accounting Principles (GAAP) typically ...

The double-entry accounting system, also known as the general ledger, dates back to the 1300s in Genoa, Italy. The system is still commonly used today.

A debit ticket is an entry used in both accounting and bookkeeping that indicates money or assets that are owed by a company or individual. Adding them to the general ledger decreases its net balance.

To better advise their clients, in-house counsel should understand key accounting principles and steps in the accounting cycle, including journal entries, the general ledger, trial balances ...

Rillet’s AI makes the installation process relatively painless. It used to take many months to transfer all the data from one general ledger software to another; Rillet can reduce that time to ...