The main accounting record of a company or organization.
management accountants felt pressure to integrate cost accounts with the general ledger
Example sentencesExamples
How many accounting staff will we need to process accounts payable, payroll, contributions, receivables, and the general ledger?
You have to implement all the back-of-house systems, like general ledger, accounts payable, and payroll.
A few firms had implemented standard cost systems to provide information for monitoring the efficiency of production separately from the general ledger.
The creation of a general ledger was not mandatory but the archival evidence shows that most companies did use one.
For the most part these papers describe the integration of cost accounts with the general ledger without comment on the managerial usefulness of this procedure.
Back room staff also failed to examine his profit and loss situation and to reconcile those with the general ledger.
As Tom began his third year on the audit, his scrutiny of the general ledger revealed that the non-trade accounts receivable had more than doubled since the previous year.
By analysing closely the general ledger in question (from c.23r to c.31v) it is possible to read the monthly expenses for the accounting period 1 April 1365 to 31 March 1366.
They have their own payroll, their own receivables, their own general ledger, and their own balance sheet.
By making the switch at the instant a fiscal year changes, all its technology staff would have to transfer would be the balances in general ledger accounts.
The use of subsidiary books was accompanied by periodic postings of totals to control accounts in the general ledger.
Definition of general ledger in US English:
general ledger
noun
Finance
The main accounting record of a company or organization.
management accountants felt pressure to integrate cost accounts with the general ledger
Example sentencesExamples
As Tom began his third year on the audit, his scrutiny of the general ledger revealed that the non-trade accounts receivable had more than doubled since the previous year.
Back room staff also failed to examine his profit and loss situation and to reconcile those with the general ledger.
A few firms had implemented standard cost systems to provide information for monitoring the efficiency of production separately from the general ledger.
The creation of a general ledger was not mandatory but the archival evidence shows that most companies did use one.
For the most part these papers describe the integration of cost accounts with the general ledger without comment on the managerial usefulness of this procedure.
By analysing closely the general ledger in question (from c.23r to c.31v) it is possible to read the monthly expenses for the accounting period 1 April 1365 to 31 March 1366.
How many accounting staff will we need to process accounts payable, payroll, contributions, receivables, and the general ledger?
They have their own payroll, their own receivables, their own general ledger, and their own balance sheet.
The use of subsidiary books was accompanied by periodic postings of totals to control accounts in the general ledger.
By making the switch at the instant a fiscal year changes, all its technology staff would have to transfer would be the balances in general ledger accounts.
You have to implement all the back-of-house systems, like general ledger, accounts payable, and payroll.