General ledger

A general ledger is a record of all financial transactions within a business, organized by account. It’s the foundation of a company’s accounting system, and it’s used to create financial statements and other reports.

Beginner competence definition

At a beginner level, individuals understand the basic principles of general ledger accounting and its importance in financial record keeping.

Intermediate competence definition

Intermediate individuals have the ability to create and maintain a general ledger, including posting transactions, reconciling accounts, and creating financial statements.

Advanced competence definition

Advanced-level employees understand advanced accounting principles, including the ability to analyze and interpret financial data and use it to make strategic business decisions.