Understanding Your General Ledger

To help with understanding your P&L better it is important to understand what the General Ledger is and how to read your General Ledger.

What is a General Ledger?

A general ledger is a recordkeeping system used to sort, store, and summarize a company’s financial transactions. It details all business accounts and account activity during a period. A general ledger has four primary components: a journal entry, a description, debit and credit columns, and a balance

Understanding how to navigate your general ledger will allow you to provide detailed explanations pertaining to your P&L review. It provides a checks and balances that your monthly invoices are submitted and in what accounting period.

To reflect on the training webinars that Training hosted, we have uploaded the PowerPoint for Understanding Your General Ledger and a recorded video of Understanding Your General Ledger to WEST Edge for your viewing pleasure.

Use the below links to locate Understanding Your General Ledger PowerPoint and Video on WEST Edge.

Registration Links:

• Understanding Your General Ledger – webinar video CLICK HERE

• Understanding Your General Ledger – PowerPoint CLICK HERE