Glossary
General ledger
The general ledger is the record that gathers all entries grouped by account, so you see each account's movements and its balance.
What it means for a shop owner
You ask it: what happened in the cash account this month? It answers with every movement, its date and its source. It is the base from which the trial balance, profit and loss and balance sheet are built.
A worked example
Cash account: starts at 100, 50 and 30 come in, 40 goes out. Balance = 100 + 50 + 30 - 40 = 140.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes