General ledger entries, or GL entries, are the individual records of a business’s financial transactions. Each entry consists of a transaction date, an account name, a credit amount and a debit amount. These entries are used to record things like sales, expenses, purchases, and other types of activities that can be associated with specific accounts. In order to keep accurate financial records, businesses need to make sure their general ledgers are up to date and accurately reflect all of their financial transactions. By tracking and recording these entries regularly, businesses can stay up to date on their finances and ensure they remain in compliance with regulations and laws.