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:
Log into the Web App on your computer or tablet at web.hurdlr.com/login
Click ‘Accounting’ on the left side of the screen and select ‘General Ledger’
Click the ‘Account’ field to select the GL account that you want to view
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 Income Dashboard or Expenses Dashboard, 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.