Accounting
General ledger
The master record of every financial transaction, organized by account, from which all financial statements are produced.
Every charge, payment, bill and adjustment ends up in the general ledger (GL) as a balanced entry of debits and credits. Resident ledgers, owner ledgers and bank registers are detailed views that roll up into it.
When reports disagree, the GL is the source of truth. Controlled access, approvals for manual entries and a regular close keep it reliable. Every financial report a manager sends ultimately draws from it.
See it on a sample company