What is general ledger reporting?
One of the important considerations when it comes to accounting for business is general ledger reporting. Journal entries and general ledger reporting are the backbones in the accounting process for businesses. The journal is used to record a chronological order of all transactions, and then the ledger is recorded based on account. There is a direct level of mapping that exists between general ledger reporting and journal posting. If you are looking to improve your capabilities in accounting for your business, or if you are serious about streamlining your accounting processes, it may be wise to see what can be done to improve your general ledger reporting. One example of something that you can do is to allow an expert payroll services firm to handle your general ledger reporting so that you do not have to. There is no redundancy between posting to the journal and general ledger reporting even though it may seem as if there is. The purpose behind general ledger reporting is to play a vi
