Create ledger account

A general ledger is prepared from several general ledger accounts. This provides insight into the costs and revenues of a company. Every ledger account has a unique number and description. The general ledger accounts are divided into balance sheet accounts and profit and loss accounts. Examples of balance accounts are a building, machines and depreciation. Examples of income statements are turnover and purchasing costs.

To create a general ledger account, go to General Ledger Accounts. Here choose 'New' and fill in the required data.

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