If you own a business, you must periodically build a balance sheet for tax purposes. A balance sheet also gives you an indication of your company's financial health. If you hire employees, their wages ...

All business transactions are recorded to a company's books, or general ledger, through the use of a journal entry that contains various debits and credits. Cash sales can be recorded to the company's ...

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...

Create a General Ledger in Excel from General Journal data Your email has been sent Many businesses keep a journal of their daily transactions, called the General Journal. The General Journal entries, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Dr. JeFreda R. Brown is a financial ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...