How to fill up ledger book

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how to fill up ledger book

8 Column Ledger: Accounting Journal, Bookkeeping Ledger Book, Ledger Receipt Book, Cute Unicorns Cover, 8.5 x 11, 100 pages by Moito Publishing

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Published 22.03.2019

General journal entries

How to Post Entries to the General Ledger

For example, cash receipts and the accounts that are impacted by those receipts are listed in the Cash Receipts journal. Cash disbursements and the accounts impacted by those disbursements are listed in the Cash Disbursements journal. The same is true for transactions found in the Sales journal, Purchases journal, General journal, and any other special journals you may be using. At the end of each month, you summarize each journal by adding up the columns and then use that summary to develop an entry for the General Ledger. This takes a lot less time than entering every transaction in the General Ledger.

After you summarize the journals for your business and develop the entries you need for the General Ledger, you post your entries into the General Ledger accounts. When posting to the General Ledger, include transaction dollar amounts, as well as references to where material was originally entered into the books, so you can track a transaction if a question arises later. For example, your boss or the owner may wonder why certain money was spent, or an auditor an outside accountant who checks your work for accuracy could raise a question.
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