Skip to main content
All CollectionsAdvanced Accounting (Pro)
What is the General Ledger?
What is the General Ledger?
Updated over a week ago

The General Ledger is used to record each transaction a business makes and prepare financial statements. It’s a summarized version of the Journal, making it easy to understand the transactions and journal entries contributing to the total of each GL account in the Chart of Accounts and financial reports.

Using the General Ledger

With the General Ledger, you can view all of the transactions and journal entries for a single GL account. To do so:

  1. Log into the Web App on your computer or tablet at web.hurdlr.com/login

  2. Click ‘Accounting’ on the left side of the screen and select ‘General Ledger’

  3. Click the ‘Account’ field to select the GL account that you want to view

  4. Set the Date and Row filters

Understanding the General Ledger

The General Ledger will list your transactions in ascending order and show you a few things:

  • Date - The date of the transaction or manual journal entry

  • Type - The type of transaction it is (Expense, Income, Tax Payment, Bank Transfer, etc)

  • Debit or Credit - The net debit or credit attributed to the selected GL account

  • Balance - The running balance for the GL account

  • Account - The other account the transaction is associated with

Making Changes in the General Ledger

To make a change simply click on the journal entry, and it will open for you to make edits. If it’s associated with a bank transaction tracked in the Transactions Dash, you’ll see all of the transaction details. If it’s a manual journal entry, you’ll see all of the details that were entered.

If you need to manually enter transactions or add manual journal entries, you can do so by clicking the ‘+Add Transaction’ button in the top right corner.

Did this answer your question?