Discover how general ledgers and general journals work together in double-entry bookkeeping to track financial data accurately and efficiently for your business.

The business organization chart is the blueprint for the numbering system in your general ledger, which contains all of the department accounts your business uses. Each general ledger account is ...

Accounting is a vital part of any business. To know a business' financial health, concise and current records must be kept. There are many parts to a business' accounting system, but the foundation of ...

A chart of accounts helps organize your business’s transactions to reveal where money is coming from and going to. Many, or all, of the products featured on this page are from our advertising partners ...

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 ...

Brex reports T-accounts as essential visual tools in accounting that clarify how transactions impact debits and credits, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Dr. JeFreda R. Brown is a financial ...