General Ledger

The General Ledger contains all the accounts for recording transactions relating to a company’s assets, liabilities, owners’ equity, revenue, and expenses. The general ledger works as a central repository for accounting data transferred from modules like accounts payable, accounts receivable, sales, and payroll. The general ledger is the backbone of any accounting system; it holds financial and non-financial data for an organization.

« Back to Glossary Index

Leave a comment

Cougar Mountain Software develops leading on-premises accounting solutions. Our hallmark software, DENALI, is specifically designed to scale to clients’ needs while maintaining an unbreakable audit trail.