A general ledger is a centralized accounting record that includes all of a company’s or organization’s financial transactions. In essence, it is a group of accounts that categorizes and compiles financial data. This gives a full view of a company’s financial situation.
A variety of assets, liabilities, equity, revenues, and expenses are represented by the several accounts that make up the general ledger. The accounts might, for instance, comprise cash, inventories, equipment, loans, and various income and expense accounts. They might also include accounts payable and accounts receivable.
The date, accounts impacted, and amounts involved will be included in the journal entry used to enter each transaction into the general ledger. It is an important tool for financial reporting and analysis, as it provides a comprehensive view of an organization’s financial performance over time.
You can view this ledger by clicking on the “Transactions” tab. This ledger is made up of bank transactions across all accounts connected to Hedgi.
This will bring you to a screen that shows your transaction details by account. You can filter specific date ranges or report periods. There is also a feature that shows how much of your income you are spending on each expense. If you click on “View Details” it will show all transactions that fall under that category.
If you need an official General Ledger, you can download and export one by clicking this in the top right.