Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...

The general ledger is also known as the main or nominal ledger, because it holds both sides of double-entry transactions. In contrast, the purchase and sales ledgers are called subsidiary ledgers ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...