Transaction data is segregated by type into accounts for assets, liabilities, owners’ equity, revenues, and expenses. A general ledger is the foundation of a company’s double-entry accounting ...

Accounting uses a lot of abbreviations. GL for general ledger, DR for debit, CR for credit are examples. Fixed asset accounting is no exception. Fixed assets are used frequently in financial ...

No Prefix These are assets that were purchased prior to the use of Banner Fixed assets and it represents the asset id from the legacy general ledger known as Drexel University Information Management ...

Whereas the general ledger holds "general" accounts, such as sales, ledger account purchases, fixed assets and bank accounts, the subsidiary ledgers record the company's transactions with ...

But as with most elements in the CS Professional Suite family of accounting products, its key strength lies in its integration capabilities - the automated flow of asset and general ledger data to the ...

What is a ghost asset, you ask? Well, it’s a fixed asset in a general ledger that cannot be accounted for because it is physically missing or otherwise rendered unusable. This may not sound like a big ...