Among all accounts books in a double-entry book-keeping system, the General Ledger is the most basic and main accounting record of any business. Also known as Nominal Ledger, the General Ledger contains records of all transactions, from current assets and liabilities to fixed assets and liabilities, revenue and sundry expense items to gains and losses and so on.

It is basically a brief recording of all the transactions that take place in an organization and beforehand recorded in the general journal. Accordingly, a general ledger comprises of transactions of wide categories that constitute various groupings of account books maintained in a business concern. Some of the most common categories of accounts books record assets, liabilities, owner’s equity, reven-

ue, expenses, gains and losses, respectively. Broadly speaking, the sub-categories to a general ledger can be divided into Cash, Accounts receivable and Accounts Payable.

A general ledger provides a solid and essential base for the entire book-keeping system and facilitates preparation of all important and not so important financial statements, including income statement and balance sheet. In fact, it renders trial balance directly and ensures total debit and credit amounts are equal.

A whole lot of companies on the international map have been opting for outsourcing of the maintenance of their general ledger, as these professional accountancy firms are well-equipped with the latest in technology, software and expertise for preparing detailed and highly organized accounting reports and ledgers.

We offer you highly customized and customer-oriented General Ledger Maintenance services that include development of your accounting system into a more transparent and efficient one.