{"id":485,"date":"2020-09-24T12:00:49","date_gmt":"2020-09-24T12:00:49","guid":{"rendered":"https:\/\/pretty-books.com\/blog\/?p=485"},"modified":"2020-09-24T15:58:51","modified_gmt":"2020-09-24T15:58:51","slug":"general-ledger","status":"publish","type":"post","link":"https:\/\/plg.prettybooks.com\/magazine\/blog\/2020\/09\/24\/general-ledger\/","title":{"rendered":"General Ledger"},"content":{"rendered":"

General Ledger<\/h1>\n

Noun. [jen<\/span>-er-uh<\/span>l\u2022lej<\/span>-er]<\/h5>\n
    \n
  1. Accrued Dictionary definition:<\/strong> A historical account of a company\u2019s life, from birth to beyond. The autobiography details every event a company has experienced, including the highest highs and the lowest lows. Accountants study this autobiography to make reports and predictions for the future.<\/li>\n<\/ol>\n

    \u00a0 \u00a0 \u00a0\/\/ The accountant read the general ledger like a book, learning all about the company’s journey.<\/em><\/p>\n

      \n
    1. Textbook definition:\u00a0<\/strong>The record keeping system of all of a company’s financial data, from debit and credit card spending to expansion, providing a true record of every financial transaction a company makes in its entire lifetime.<\/li>\n<\/ol>\n

      \u00a0 \u00a0 \u00a0\/\/ The general ledger is a one stop shop for all of a business’ financial data.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

      Your accountant is scrubbing the general ledger this month. She says the general ledger is “the record keeping system of all of a company’s financial data, from debit and credit card spending to expansion, providing a true record of every financial transaction a company makes in its entire lifetime.” Here’s what she really means by a “general ledger.”<\/p>\n","protected":false},"author":7,"featured_media":1010,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":[],"categories":[28],"tags":[],"yoast_head":"\nGeneral Ledger - Pretty Books Magazine<\/title>\n<meta name=\"description\" content=\"Your accountant is scrubbing the general ledger this month. She says the general ledger is "the record keeping system of all of a company's financial data, from debit and credit card spending to expansion, providing a true record of every financial transaction a company makes in its entire lifetime." Here's what she really means by a "general ledger."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plg.prettybooks.com\/magazine\/blog\/2020\/09\/24\/general-ledger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Ledger - Pretty Books Magazine\" \/>\n<meta property=\"og:description\" content=\"Your accountant is scrubbing the general ledger this month. She says the general ledger is "the record keeping system of all of a company's financial data, from debit and credit card spending to expansion, providing a true record of every financial transaction a company makes in its entire lifetime." 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