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

As a busy business owner, you may not have much interest in basic accounting principles, such as maintaining a general ledger. While most accounting activities are best left to your accountant, ...

Journal entries are necessary for adjusting the balances of ledger accounts for a variety of reasons, including recognizing accruals, liabilities and other expenses. If an entry posts incorrectly, it ...

Accountants that tend toward the traditional system of accounting in which all transactions get posted into a general journal can use the Journal Entry in QuickBooks to maintain a general ledger. You ...

Discover how cash purchases impact a company's income statement and where to find detailed records in financial reports.

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