Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...

In general, a business accounting system is designed to keep track of where money comes from and where it goes. Usually, businesses will keep both a journal and a ledger for accounting purposes. The ...

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A cash book, or petty cash log, is a ledger for keeping track of small cash purchases. Some small businesses such as restaurants find cash books especially useful because these companies tend to need ...

From the 14th century, a few European businesses kept careful written records of receipts and expenditures, compiling this information in ledger books and computing balances. These bookkeeping methods ...