general ledger

Related Terms
Central repository of the accounting information of an organization in which the summaries of all financial transactions (culled from subsidiary ledgers) during an accounting period are recorded. Also called the book of final entry, it provides the entire data for preparing financial statements for the organization.

Use 'general ledger' in a Sentence

The accountant for the company used the general ledger to write down all of the company's financial transactions and make sure the company was making a profit.
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Many businesses will keep a general ledger that keeps track of all the money that goes in and out of the business.
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Your business should have a well kept general ledger that you can always go to if you want to check your financial situation.
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