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General Ledger

General Ledger is a term describing the master record of a company or organization. The General Ledger comprises the consolidated information of its subledgers (the Chart of Accounts). The General Ledger is the basis for the key Finance & Accounting reports: Statement Of Financial Position, Statement Of Comprehensive Income, Statement Of Comprehensive Income and Statement Of Changes In Equity.

Use Cases

Examples of commonly used subledgers include:

General Ledger 0 0 General Ledger, Subledger, Chart of Accounts, Finance, Accounting The master accounting record for a company or organization. It consolidates the information from its subledgers and is used to generate the key financial reports for the company or organization