A general ledger benefits people in business by enabling them to research and find out any financial recording discrepancies. It also enables business people to id… See more

During the auditing process, people in business can use the general ledger to help them verify their financial records to the auditor. The general ledger also allows businessm… See more

You can also use the general ledger in the budget preparation process. The ledger contains the business’s income and expenses, which can be used in the budget formulation … See more

A business person should use a general ledger template to ensure that the information logged into the ledger is consistent and can be easily updated. In addition, a … See more

The information written in the general ledger template enables a business to have and maintain an accurate financial statement. Therefore, you must understand the informa… See more