General Ledger Accounting is the process of recording financial transactions and maintaining a company’s financial records. The General Ledger holds all the accounts within a business, such as assets, liabilities, expenses, revenue, and equity. This system helps to provide an up-to-date representation of a company’s financial position at any given time. In order to ensure accuracy and compliance with both internal and external reporting requirements, information must be updated in real-time, providing a complete picture of a company’s current financial standing. General Ledger Accounting helps to drive better processes and decision making by giving stakeholders access to meaningful data that can be used to inform strategic business decisions.