Remove Financial Statements Remove General Ledger Remove Small Business Bookkeeping
article thumbnail

Why General Ledgers Matter to Businesses

Remote Quality Bookkeeping

But the health of your now-thriving business depends on understanding its financial situation. That’s where a general ledger comes in. It’s the bedrock of any thorough business accounting system and a powerful tool for ensuring your finances stay on track. What is a General Ledger?

article thumbnail

What Is a Chart of Accounts, And Why Does it Matter?

Remote Quality Bookkeeping

A chart of accounts (COA) is a great way to organize all your company’s financial details smartly. It is a list of all the accounts used in a business’s general ledger in one place. Think of it as a helpful index that provides you with all the company’s financial activity details.