To balance your general ledger, your credits and debits must be equal. A general ledger is the centralized document for all details relating to your company’s financial status, including liabilities, assets, owner’s equity, expenses, and revenue. Using a general ledger template provides insight into your business’s financial health by helping you track debit and credit transactions and compare assets and liabilities. A general ledger template can help you record and monitor your financial data to ensure your debits and credits reflect your budget.
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