You get the management position and you’re immediately trained in how to balance the ledgers. Every cent accounted for. Every report signed off. Miss a line item and you risk more than numbers—you ...

Reconciliations, performed in accounting to minimize errors, are basically comparisons of two different reports or documentation. Because the general ledger, or G/L, is made up of accounts, ...

Most businesses maintain corporate bank accounts. Because businesses typically make multiple transactions each day, the balance in a corporate account is, essentially, constantly changing. During ...

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...