Author: Eleven

QuickBooks, a popular accounting software, simplifies financial management with its General Ledger feature. This blog will delve into the significance of the General Ledger in QuickBooks, how to set it up, its functionalities, and best practices to ensure your financial records are accurate and reliable. What is a Quickbooks General Ledger? The General Ledger (GL) is the backbone of any accounting system. It serves as the central repository for all business financial transactions. The GL is organized into various accounts, including assets, liabilities, equity, revenues, and expenses. Each transaction recorded in QuickBooks affects at least two accounts, a concept known…