QuickBooks General Ledger

Creation and printing of a general ledger is one of the most important features of the QuickBooks software. It allows accountants and business owners to access a snapshot the transactions made quite effortlessly. Every time a transaction is performed (payment received or payment made) by you, it creates a journal entry and the same gets reflected in your general ledger. With this feature, you can also customize the available accounts through the QuickBooks basic accounts manager. Sounds interesting? Would you like to know more about this? Read this blog till the end. We will tell you everything you want to know about this, right from the scratch! Let’s proceed then! What is QuickBooks General Ledger? In simple terms, a general ledger in QuickBooks is nothing but a comprehensive report of each and every transaction assigned to each and every account. As you are aware of, there is a credit and debit account against every transaction and the general ledger would list all these for you. When we do record-keeping manually, we need to maintain separate journals against each task. In QuickBook, these journals are divided into 3 parts-