What is a general ledger?
The general ledger records all financial transactions resulting from business activities. It has a debit side, showing assets or incurred expenses, and a credit side indicating liabilities or realized revenues.
The general ledger is part of the financial administration. It helps us monitor the finances of your organization. The administration provides an overview and insight necessary for making the right decisions at the right time.
The reliability of the financial administration greatly depends on the recordings made during executing processes. Therefore, primary recordings in these processes require significant attention.
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Also read Successful entrepreneurship can be learned.