In accounting, a general ledger is used to record all of a company’s transactions. Within a general ledger assets, liabilities, revenues, expenses & trial balance has been closed out.
This system contains the processes and applications that support all financial accounting and the maintenance of records. This system follows the double entry accounting system. Chart of Account, GL Statement, Trial Balance, Income Statement, Daily Cash/Bank Information, Balance Sheet information etc. are maintained using the system. The following reports are available through the system.