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Bookkeeping All-in-One For Dummies, 2nd Edition
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Bookkeeping All-in-One For Dummies, 2nd Edition

by Lita Epstein, John A. Tracy
August 2019
Intermediate to advanced content levelIntermediate to advanced
608 pages
15h 28m
English
For Dummies
Content preview from Bookkeeping All-in-One For Dummies, 2nd Edition

Chapter 3

The General Ledger

IN THIS CHAPTER

Bullet Understanding the value of the General Ledger

Bullet Developing ledger entries

Bullet Posting entries to the ledger accounts

Bullet Adjusting ledger entries

Bullet Creating ledgers in computerized accounting software

As a bookkeeper, you may be dreaming of having one source that you can turn to when you need to review all entries that affect your business’s accounts. (Okay, so maybe that’s not exactly what you’re dreaming about.) The General Ledger is your dream come true. It’s where you find a summary of transactions and a record of the accounts that those transactions affect.

In this chapter, you discover the purpose of the General Ledger. It tells you not only how to develop entries for the ledger but also how to enter (or post) them. In addition, it explains how to change already-posted information or correct entries in the ledger and how this entire process is streamlined when you use a computerized accounting system.

Understanding the Eyes and Ears of a Business ...

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Publisher Resources

ISBN: 9781119592907Purchase book