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General Ledger

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In an organization, a General Ledger (GL) is a key component of the overall accounting system. General Ledger is a centralized record-keeping system that contains all the financial transactions of a company. The GL serves as a central repository for tracking and reporting financial information, and it plays a crucial role in the manufacturing industry […]

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This image has the list of accounting forms and its purpose,

Accounting Forms

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Accounting forms are templates or documents which are used to record, track and organize financial transactions. A manufacturing company typically has to maintain many fundamental accounting forms, in order to manage its financial activities. Depending on the company’s size, sector, and reporting requirements, other formats could be used. However, manufacturing organizations frequently utilize the following

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