The General Ledger Accounting System is one of the most integral parts of any business’s financial management system. This system tracks and records all of an organization’s financial transactions, including accounts receivable and accounts payable, revenue, expenses and capital assets. In a nutshell, it manages the movement of money between accounts over time. Furthermore, it helps business owners measure their performance by providing detailed insights about profitability and liquidity. With a strong understanding of not only where money is flowing but why it is moving that way, organizations can take informed action to drive success and growth.