Topic: General Ledger Setup
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Answers to Common Questions
How to Understand & Setup a General Ledger
1 Establish the type of chart of accounts you wish to use . This may be one of the sample charts provided with your software, or you may wish to modify an existing chart or enter a new chart from scratch. If you are not qualified to decide ... Read More »
Source: http://www.wikihow.com/Understand-%26-Setup-a-General-Ledger
What is a General Ledger?
A general ledger is the books that are kept for a business, of the financial records. It tells the daily transactions of the business, including receivables and accounts payable. Look here for more information: http://www.businesstown.com/a... Read More »
Source: http://answers.ask.com/Business/Finance/what_is_a_general_ledger
How to Prepare a General Ledger?
The best way these days to prepare a general ledger is to use accounting software. It will ask questions and use your answers to set up the accounts. It is, however, a very good idea to take some accounting classes so you understand what th... Read More »
Source: http://answers.ask.com/Business/Finance/how_to_prepare_a_general_...
More Common Questions
Answers to Other Common Questions
Need to know how to reconcile a general ledger? Not sure what column represents what? Afraid you're going to end up with a wrong balance? Try following these simple tips for proper general ledger reconciliation: Separate general ledger acco...
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Source: http://www.life123.com/career-money/small-business/cpa/how-to-rec...
In accounting there are many different types of reports. One such report is a general ledger and instead of showing an accounting of all of the different accounts as they relate to each other, it instead shows one account at a time as it re...
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Source: http://answers.ask.com/Business/Other/what_does_a_general_ledger_...
A general ledger is a file or book in which a business records all of its financial transactions. At the start of each fiscal year, a new general ledger is started with an opening balance. During that year, the bookkeeper or accountant will...
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Source: http://www.ehow.com/how_4844035_general-ledger.html
All financial transactions for any organization are eventually posted to the general ledger in one way or another. When a computer program is used for accounting, most financial data is posted to a sub-ledger—like accounts payable or accoun...
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Source: http://www.ehow.com/how_4448842_post-general-ledger.html
Businesses are required to keep detailed information about their financial transactions. This information is condensed into what is known as the company's general ledger. Bookkeepers and accounting staff must have experience with updating a...
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Source: http://www.ehow.com/facts_5664064_general-ledger-experience_.html
In accounting the general ledger is the central financial record of the business. Every transaction is recorded in the general ledger. A transaction is a typical business event which can be expressed in monetary terms and must be entered in...
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Source: http://www.ehow.com/facts_5561011_general-ledger-transaction.html
The general ledger is the backbone of your company's financial reporting system. All of a company's business transactions are ultimately posted to the general ledger account. Many businesses use computer software to track accounting activit...
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Source: http://www.ehow.com/how_5149850_keep-general-ledger.html
