Business owners commonly use a general ledger to record and maintain their financial transactions. General ledgers provide business owners with one location in which to review financial information ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

The general ledger plays an important role in the accounting process. Most businesses use a two-entry financial accounting system where transactions are first recorded in a general journal and later ...

The first five segments are known as the "Account String." Therefore, an Accounting Key is comprised of an Account String plus an Object Code. The first five segments of the accounting key are also ...