11+ Daily Use General Ledger Excel Templates

Any organization, company, or person who is engaged in doing some sort of business operation cannot neglect the importance of accounting and finance in the successful running of the business. For the smooth as well as successful running of any business or entity, these functions are of absolute concern. Without them, there would be no more marketability of the financial transactions taking place on a daily basis, and the cash inflow and outflow of the business. Whether you own a small-scale or large-scale business, the importance of accounting is equal for all. Whenever you are doing accounting for your business, you find a general ledger which is one of the essential tools used in accounting.

A general ledger is a crucial ledger of business. It is a record-keeping document that is used to record all monetary transactions taking place in an organization, firm, or company over a particular period of time, usually a year. It is a perpetual document that is maintained in a company throughout its life. A general ledger is a basic document having no typical format and gets the information needed to devise the financial statement of a company including an income statement, balance sheet, and cash flow statement. All these statements are created after collecting records from the general ledger of the business.

Nevertheless, the ledger consists of account information that is required not only to make financial statements but to include accounts for assets, liabilities owner’s equity, revenues, and expenses. Transactions are posted to the ledger accounts then accountants prepare trial balance and then other statements. If you need to create such a document and don’t know how to format one then feel free to make use of our free and editable general ledger templates available below in a great variety. Select any of these which you find suitable for you and click a download button.