What is a general ledger? A guide for small businesses | Run your business

What is a general ledger? A guide for small businesses | Run your business

  Learn more about a general ledger: (For US-based businesses) https://intuit.me/3kPJySt (For Canada-based businesses) https://intuit.me/3wTFfeq Utilizing the accounting cycle, you can pull all the data you need as a small business owner to get an accurate view of your company’s financial health. One of the most important steps in the accounting cycle is recording all your accounting data into your general ledger. In this video, Astrid Daniela Galvez (QuickBooks ProAdvisor and Tax Specialist) defines the components of a general ledger and how to use it to track all your money in, money out. She also outlines the five categories of general ledger accounts. 00:00 - Introduction 01:01 - What is the general ledger? 01:29 - Benefits of general ledger accounting 02:05 - The 5 categories of general ledger accounts 03:02 - How QuickBooks helps with financial insights   This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them. Click for the latest updates...