General Ledger (GL): Definition, Significance, Implementation
Nanonets
FEBRUARY 28, 2024
Ready for an Audit: If one is audited by the IRS (Internal Revenue Service), it will be simple to formulate the audit since your monetary records are all in one spot. Bank Reconciliation : Tools to match bank transactions with GL entries. Balancing your books: A general ledger allows you to complete a trial balance.
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