Learn how a general ledger supports double-entry accounting, compiling vital transaction data for accurate financial reporting and analysis.

The general ledger includes a small company's business accounts and all transactions that affect these accounts. Business transactions posted to the general ledger are recorded through journal entries ...

A small business must record all transactions related to customer sales and payments on the company's general ledger and accounts receivable ledger. Journal entries are used to record these ...

An accounts receivable subsidiary ledger shows the transaction and payment history of each customer to whom the business extends credit.