Boost your accounting with general ledger software

A general ledger, or GL, is a record of a business or organizations total accounts. This can include assets, liabilities, equity, expenses, revenue, and/or income.

General ledger software is typically an instance of accounting software that is focused on the total accounts of an organisation. A good GL accounting software is typically a module of accounting software that automates processes like invoice capture, reporting, workflow. Online GL accounting software can give you reliable visibility across your accounts on the go.

General ledger software allows you to connect your bank and sync your accounts for automated reconciliations and real-time visibility across your chart of accounts. It saves businesses time by automating workflows and increasing accuracy of your accounts and day-to-day financials.

While both general ledgers and journals keep track of accounting transactions, the key difference is that journals simply consist of a list of raw transaction data listed by date in sequential order, whereas general ledgers segment financial data into five key categories: assets, liabilities, expenses, equity and revenue or income.