The General Ledger Report provides a comprehensive, line-by-line breakdown of account activity for all or selected accounts within a specified period. Users can generate the report for all accounts, a specific range of accounts, or by selecting individual accounts as needed.
The report displays each account’s beginning balance, current month activity, year-to-date totals, and detailed descriptions for every transaction. This format is designed to provide users with a comprehensive view of financial movements across accounts, enabling in-depth analysis of balances, transaction history, and financial trends.
When to Use It:
- Investigating Account Balances: Ideal for tracing the origin, nature, and changes in any account’s balance over time.
- Comprehensive Financial Review: Used when a full, detailed review of all accounts and their activity is required—such as during month-end or year-end close.
- Error Detection and Correction: Helps identify and resolve discrepancies, mispostings, or unusual activity within any account.
- Executive or Management Reporting: Useful for providing leadership with a complete financial snapshot and supporting strategic decision-making.
Who Uses the General Ledger Report, How Often, and Why
