What Is a General Ledger (GL) and Why Does Every Company Need One?
Associated with
Nathan Calabrese Nathan Calabrese
What Is a General Ledger (GL) and Why Does Every Company Need One?
G2 G2
Read now

Any organization with an inflow and outflow of funds (debits and credits)-income, donations, depreciation, or expenses-needs to record and track these transactions. The goal is to prepare the company's financial statements and hence, gain insight into the financial status.

A general ledger, more commonly known as a GL, is a recordkeeping system that tracks this financial data, a process that can be significantly streamlined with the use of the right accounting software.
GL accounts and why companies need them

Preview of The Juice
Sign up to see what's popular with other marketing/sales pros like you. Stay in-the-know and stay anonymous. All content has been un-gated for you.
Sign up