The post reference, or PR, column is one of the chief ways to ensure that your books remain accurate and complete. In accounting, to "post" a transaction means to record it in the journal and/or the ...

The general ledger is the heart of a business's accounting records. The general ledger contains records for each account in the company's chart of accounts, and the general ledger accounts are usually ...

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...

The evolution of ledger systems can be traced back to the early days of human civilisation, where simple record-keeping forms were used to track transactions and assets. Over time, the development of ...

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 ...

Universal Business Computing Co. has released the latest versions of its general ledger and payroll software with new productivity enhancements. One new feature for merging general ledger accounts ...

Open ledger accounting has the potential to make accounting more accurate and simpler than ever. One of the problems with accounting as it currently stands is its inability to provide 100% accuracy.

A control account is used in bookkeeping and accounting to efficiently consolidate balances for summary and reporting purposes. They are a core accounting tool that aids ledger integrity and financial ...