™ can help. We are expert bookkeepers that can help your small business with its bookkeeping needs. Here’s a short explanation of what General Ledger means. If we can be of more help explaining what General Ledger is or if we can help you with any of your small business bookkeeping needs, give us a call at 888-552-6657(888-55Books)™ provides a way for small businesses to have outsourced bookkeeping at a significant savings. We provide our clients with pre-printed envelopes. You stuff the envelopes and our expert team does the rest with detailed reports and timely compliance support. Not to mention, you now have a team of experts at your disposal should you have questions or last-minute needs. Let’s start with answering what General Ledger means:

When accountants and bookkeepers kept records without the aid of accounting software, they recorded transactions in ledgers.

Since certain accounts were much more active than the others, most bookkeepers would use several ledgers. Some dealt just with cash transactions: the cash ledgers. Other ledgers could include accounts receivable, capital ownership, etc.

The main ledger that was used to record all other transactions and summary transactions was called the general ledger.

Today, accounting software handles the sorting records. All records are entered into the general ledger, but the transactions can be filtered and sorted to provide the equivalent of a specialty ledger.

Need more information or help? Don’t hesitate to give us a call right now at 888-55Books.

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