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What Is a General Ledger, and Why Do You Need One?

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Author: Nick Darlington
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Traditionally, accountants recorded financial transactions in the ledger by hand, using the double-entry accounting method. With the advent of computers, recording transactions became simpler. No longer did you have to record in books; you could use excel sheets and sophisticated accounting software. While the way you record transactions has changed, the importance of the ledger […]

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