Editing General ledger (section)

{{Short description|Bookkeeping (accounting) record}}
{{Bookkeeping}}
{{Accounting |expanded=}}

[[File:Главная_книга.png|thumb|Sample Ledger book]]
In [[bookkeeping]], a '''general ledger''' is a bookkeeping [[ledger]] in which accounting data are posted from [[General journal|journal]]s and aggregated from [[subledger]]s, such as [[accounts payable]], [[accounts receivable]], [[cash management]], [[fixed assets]], purchasing and projects.<ref>{{cite web |title=What is a General Ledger? |date=February 2022 |url=https://www.businessaccountingbasics.co.uk/general-ledger/}}</ref> A general ledger may be maintained on paper, on a computer, or in the cloud.<ref>{{cite web | url=https://blog.workday.com/en-us/2022/understanding-the-basics-what-general-ledger.html | title=Understanding the Basics: What is a General Ledger? | date=16 December 2022 }}</ref> A ledger account is created for each account in the [[chart of accounts]] for an organization and is classified into account categories, such as income, expense, assets, liabilities, and equity; the collection of all these accounts is known as the general ledger. The general ledger holds financial and non-financial data for an organization.<ref>{{cite web|url=http://controller.vpfa.fsu.edu/sites/default/files/media/doc/Accounting/Accounting_Terms_Concepts.pdf|title=Accounting Term Concepts|access-date=12 February 2017|archive-date=27 December 2015|archive-url=https://web.archive.org/web/20151227053147/http://controller.vpfa.fsu.edu/sites/default/files/media/doc/Accounting/Accounting_Terms_Concepts.pdf|url-status=dead}}</ref> Each account in the general ledger consists of one or more pages.  It includes details such as the date of sale, invoice number, customer details, and the amount due. This ledger helps businesses track outstanding receivables and manage [[cash flow]] efficiently. An organization's [[statement of financial position]] and the [[income statement]] are both derived from income and expense account categories in the general ledger.<ref>{{cite web |url=http://www.ecdoe.gov.za/documents/learners/self-study-guides/accounting-gr10.pdf |title=National Curriculum Statement Accounting Guide Grade 10 |access-date=26 February 2017 |archive-date=22 April 2016 |archive-url=https://web.archive.org/web/20160422230808/http://ecdoe.gov.za/documents/learners/self-study-guides/accounting-gr10.pdf |url-status=dead }}</ref>