What is General Ledger Accounting With QuickBooks?
In this answer general ledger accounting with QuickBooks It’s the main accounting record for business and it’s based on double-entry bookkeeping. This double-entry system ensures that all accounts are always in balance. Both your balance sheet and income statement are based on data in the general ledger.
A General Ledger is a set of numbered accounts a business uses to keep track of all its financial transactions and to prepare/make financial reports. Each account is a unique record summarizing each type of asset, equity, revenue and expense.
QuickBooks business accounting software manages financial data of your company and other tasks that were earlier required to be completed by a full-time accountant. QuickBooks software auto-runs calculations, organizes information by accountant, and alerts you when you attempt to input an inaccurate debit or credit.
General Ledger Reports:
The General Ledger report provides a summary of entire transactions for the current month. The starting summary report shows the totals for each account and also you can view any transaction report or any exceptions. This report is sufficient to check every transaction that occurred during a certain period of time.
If you face any problem or have any kind of Query/Question regarding QuickBooks General Ledger. You should call our QuickBooks payroll support phone number +1-855-441-4417. You will get immediate help and support.