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The General Ledger is the central record of all financial transactions, tracking income, expenses, assets, liabilities, and equity. It serves as the foundation of your accounting records and is automatically updated based on categorized transactions.
The General Ledger provides a detailed audit trail for all financial activity. Use filters to review transactions by date, category, or entity and make necessary adjustments where applicable.
Be cautious when making manual changes, as modifying ledger entries can affect financial reports and tax filings. If you’re unsure, consult an accountant before adjusting any transactions.