Are you facing trouble in managing budget or track transactions later? Or if preparing trial balance is becoming hard job? General ledger template excel is the best-offered solution as it keeps record of the transactions made against any account & individual and recorded in the specific account.
Moreover presenting financial position of the company at any time of the year is possible using ledger account. Your managers are able to keep the accounts in updated form if they have access to this excel spreadsheet. For daily construction reporting, these record helps you.
Do you know profit and loss account and trial balance is prepared using general ledger accounts? Any transactions on the daily or monthly order affect company expenses and liabilities.
File Name:- General Ledger
To ensure the company has updated accounts and full data about the debt, expenses, income and other information, your spreadsheet plays a major role. Enhance company profits and reduce expenses with this easy to use excel worksheet now available here!
Features of General Ledger Template Excel
Go ahead and download the template for more! You can now learn about its format and features here in more detail:
**You can see at a glance is your accounts are balanced or unbalanced here!
Enter your company name at the top.
Enter the company logo in logo section. Choose upload or drop button.
You can see, “the account is currently” & “running balance” on the top of the sheet. This section is filled automatically based on the data from the table. It shows a summary of your ledger account and helps in accountants in realizing if the account is balanced or unbalanced.
Don’t interfere with these cells.
Now it times to fill the table.
- Enter the date here.
- You can choose if you are preparing ledger for the daily basis, week or the month.
- If it is on the daily basis you can enter the data on the top of the sheet and there is no need to enter the data in this column.
If this is for the weekly or monthly basis start enters the data when any expense occurs in the week or specific month.
- Enter the account name here for which payment is made or received.
Some of the accounts names may consist of payment from Fabricam, Inc, delivery to Adventure word & others.
- Enter the debit amount here for the company is payment is made. If the amount is credited leave this column blank.
- Enter the credit amount here on the date for the company if payment is received.
** go through these amounts again as the balance is calculated on the basis of them.
If the leftover balance is zero, the account is balanced. In case of any running balance, this is automatically calculated by the template.
- Relate Article:- Balance Sheet Account Reconciliation
Using these General Ledger Template Excel you can keep all kind of financial record without any trouble.