general ledger
- noun
- /ˈdʒɛnərəl ˈlɛdʒər/
- Specialized
:
libro mayor
- Inventory is second, and accounts payable and general ledger functions tied for third.
- general ledger accounts
- general ledger system
- general ledger accounting
But they do not have control of what I will call the master Ledger or general Ledger at the Federal Reserve.
- But they do not have control of what I will call the master Ledger or general Ledger at the Federal Reserve.
Examples
-
To prepare for the audit, the company organized its general ledger and all supporting documents for review.
-
The general ledger clerk is responsible for comparing the payroll register and the labor distribution summary and reconciling any differences.
Academic text (1991) -
All financial statements, including general ledgers, income statements....
-
A significantly long processing run is required to use all this information to update all the files, including the general ledger.
Academic text (2002) -
In addition, such differences will carry forward to the general ledger, which will also have to accommodate minor differences.
Academic text (1999) -
All businesses were engaged in the implementation of general ledger, accounts payable, and accounts receivable applications.
Academic text (1990) -
Changing the chart of accounts in the general ledger is a major undertaking, which has flow-through effects for almost all the general ledger's feeder systems.
Academic text (1996) -
The accountant reviewed the general ledger to ensure all transactions were accurately recorded.
-
Each month, the manager checks the general ledger to analyze the business's financial health and performance.
Synonyms
57
5.0
A book used to record a business's money transactions
1
2.3
A book or digital record where a business writes all money it gets and spends
A book where a business writes down all money it receives and pays
How Detailed
Surface Forms
Morphology
The meaning is a straightforward compositional combination of 'general' (broad, overall) + 'ledger' (book for recording accounts), so it denotes the main or overall accounting book and this sense is directly derivable from the parts. The adjective+noun pattern is standard and cross-linguistically common, so a B1 learner who knows both words would very likely understand this term.
Etymology
The noun general ledger comes from old accounting: a ledger was a big book where shopkeepers wrote every payment and receipt, and the word general showed the book was for all accounts. That's why general ledger means the main record that holds a company's 'credit' and 'debit' entries.