{"id":1374,"date":"2023-04-14T15:41:53","date_gmt":"2023-04-14T12:41:53","guid":{"rendered":"https:\/\/akaunting.com\/hc\/docs\/double-entry-accounting\/general-ledger\/"},"modified":"2023-04-24T11:06:58","modified_gmt":"2023-04-24T08:06:58","slug":"general-ledger","status":"publish","type":"docs","link":"https:\/\/akaunting.com\/hc\/docs\/double-entry-accounting\/general-ledger\/","title":{"rendered":"General Ledger"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>What is General Ledger in Akaunting?<\/strong><\/h2>\n\n\n\n<p>In Akaunting, the general ledger serves as a primary record that contains a summary of your business&#8217;s financial transactions, organized into various accounts.<\/p>\n\n\n\n<p>Each account in the general ledger represents a specific type of transaction, such as revenue, expenses, assets, liabilities, equity, and so on.<\/p>\n\n\n\n<p>The general ledger provides a complete and detailed history of each transaction, including the date, relation (type of transaction), account (debit or credit), and amount of the transaction.<\/p>\n\n\n\n<figure class=\"wp-block-video\"><video height=\"1080\" style=\"aspect-ratio: 1920 \/ 1080;\" width=\"1920\" controls src=\"https:\/\/assets.akaunting.com\/hc\/2023\/04\/14154350\/general-ledger-2.mp4\"><\/video><\/figure>\n\n\n\n<p>It is an essential tool for managing the financial health of your business, as it provides the basis for preparing financial statements, such as balance sheets, income statements, and cash flow statements.<\/p>\n\n\n\n<p>The general ledger is also used for auditing purposes, as it provides a detailed record of all financial transactions that can be used to verify the accuracy of financial statements.<\/p>\n\n\n\n<p>General Ledger (GL) is the central accounting record containing all your company&#8217;s financial transactions. The General Ledger report summarizes all financial transactions during a specific period, usually months or years.<\/p>\n\n\n\n<p>General Ledger on Akaunting typically includes the following sections: Accounts Receivable, Accounts Payable, General Expenses, Sales, Cash, etc.<\/p>\n\n\n\n<p>To access General Ledger, you need to <a href=\"https:\/\/akaunting.com\/hc\/docs\/apps-and-integrations\/installing-an-app\/\" target=\"_blank\" rel=\"noreferrer noopener\">install<\/a> or <a href=\"https:\/\/akaunting.com\/hc\/docs\/apps-and-integrations\/purchasing-an-app\/\" target=\"_blank\" rel=\"noreferrer noopener\">purchase<\/a> the <a href=\"https:\/\/akaunting.com\/apps\/double-entry\" target=\"_blank\" rel=\"noreferrer noopener\">Double-Entry app<\/a>. After installation,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to<strong> Reports<\/strong> on the Navigation Menu.<\/li>\n\n\n\n<li>On the Reports page, go to the <strong>Accounting<\/strong> section.<\/li>\n\n\n\n<li>Click <strong>General Ledger.<\/strong><\/li>\n\n\n\n<li>On the General Ledger report page, you can use the filters to set the following:\n<ul class=\"wp-block-list\">\n<li>Basis: Accrual or Cash<\/li>\n\n\n\n<li>Chart of Account<\/li>\n\n\n\n<li>Contact<\/li>\n\n\n\n<li>Report date: Pick a specific period for your report.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>After entering your preferred filters, hit the <strong>Enter Key<\/strong> on your keyboard to refresh and view an updated report.<\/li>\n<\/ul>\n\n\n\n<p>You can schedule general ledger reports with the <a href=\"https:\/\/akaunting.com\/apps\/schedule-reports\" rel=\"noreferrer noopener\" target=\"_blank\">Schedule reports app.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is General Ledger in Akaunting? In Akaunting, the general ledger serves as a primary record that contains a summary of your business&#8217;s financial transactions, organized into various accounts. Each account in the general ledger represents a specific type of transaction, such as revenue, expenses, assets, liabilities, equity, and so on. The general ledger provides [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":1345,"menu_order":6,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-1374","docs","type-docs","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/1374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/comments?post=1374"}],"version-history":[{"count":3,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/1374\/revisions"}],"predecessor-version":[{"id":1596,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/1374\/revisions\/1596"}],"up":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/1345"}],"wp:attachment":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/media?parent=1374"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/doc_tag?post=1374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}