CHAPTER7
Tackling the General Ledger
In This Chapter
- Why the general ledger matters
- Understanding general ledger transactions
- Working with misplaced transactions
- Recording noncash and nonposting transactions
- When you shouldn’t change your general ledger
The essence of your accounting records, or your books, is a report known as the general ledger. This comprehensive report records every transaction that affects your accounting records.
As you’ll see in this chapter, most but not all transactions you enter into your accounting software are recorded in the general ledger. Your accounting software takes care of most of the work for you as you ...
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