The accounting process is over 500 years old. Modern accounting differs very little from that begun by Luca Bartolomeo de Pacioli, mathematician and father of modern accounting, in the 1400s. The ...

To a seasoned professional in the business industry, many concepts seem very simple. However, things like general ledgers and accounting can seem daunting to a new business owner. Chief Financial ...

The general ledger is a vast historical data archive of your company’s financial activities, including revenue, expenses, adjustments, account balances, and often much more. The detailed transactions ...

Using the ledger-to-ledger transaction accounting method keeps track of your business activities. Each transaction is analyzed and recorded in the appropriate ledger. With the exception of the general ...

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...