Download General Ledger Template In Excel

General Ledger (GL) in accounting is a collection of accounts use to summarize transactions that are record in the journals. Moreover, Ledgers can also be interpret in the last stages of the accounting book of the final entry. It holds a summary of data that are group or classify derive from the journals.

Ledger Account

It records the changes that occur in each account and it will show the balance of accounts at the end of accounting period. Any transactions that are record in the journals will post or move to the General Ledger at regular intervals. Sometimes, accounts in it do not reflect financial data in detail. Includes account such as debt accounts, accounts receivables and inventories. To find those data, other accounts are require to group those extra accounts. It is called subsidiary ledger.

Ledger Accounting

General Ledger is often refer to as the parent ledger that show estimation status of main accounting accounts. These estimates are mutually exclusive and serve to summarize the effect of transactions on changes in company assets, liabilities and capital. Moreover, Subsidiary ledger is often refer to as a supplementary book.  A group of accounts that specializing in the details of accounts receivable and accounts payable that provide more detailed information.

General Ledger has several purposes, namely to:

  • record all accounting transactions accurately and correctly.
  • post transactions to the right account.
  • keep balance and credit balance on account.
  • accommodates the require entry journal entry.
  • making reliable and timely financial reports for each accounting period.

Ledger Account Example

Thus, People can use several general ledger form models to entry their financial data. Popular ones are T-Account and Debit/Credit models. So, You can download and use those two models below. Moreover, General Ledger are always inputted after journals. It means, accounting people have to entry any transaction data twice. Hence, You can find that several accounting already eliminate this double entry by making general ledger to filter and pull data automatically based on particular chart of accounts in accounting journals.

Download this General Ledger template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get General Ledger Excel Template

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