The general ledger is a vast historical data archive of your company’s financial activities, including revenue, expenses, adjustments, account balances, and often much more. The detailed transactions ...

Before computers, accountants used special paper with columns to summarize general ledger entries. Columnar worksheets made accounting projects easier than if they were written on notebook paper.

The method business accountants use to record transactions of business activity into the general ledger requires that each transaction posted involves at least one debit and one credit. In standard ...