What is General ledger?
Finance & accounting. A plain-English definition for Australian business owners.
The general ledger is the master record of all financial transactions for a business, organised by account.
Every transaction in the bookkeeping system flows into the general ledger. It's the source of truth from which all financial reports are produced.
In a connected back office this sits with the Finance hub, where Valont runs bookkeeping, managed payroll and bas & tax compliance for Australian SMEs as one team. The full definition set is on the glossary.
Talk to an Advisor
General information, not advice. For how this applies to your business, talk it through with a Trusted Advisor or start with the Business Health Check.