The double-entry accounting system, also known as the general ledger, dates back to the 1300s in Genoa, Italy. The system is still commonly used today.

In general, a business accounting system is designed to keep track of where money comes from and where it goes. Usually, businesses will keep both a journal and a ledger for accounting purposes.

Learn what a trial balance is, how it works, and its purpose in ensuring accurate bookkeeping by ensuring debits equal ...

Accounting is the practice of creating a variety of financial records to analyze your financial performance. Using accounting, you not only keep a general ledger, but you also maintain and update ...