General Ledger (GL): Definition, Significance, Implementation
Nanonets
FEBRUARY 28, 2024
GL Coding General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger into corresponding GL account. Each GL account is associated with corresponding GL code. 💡 Consider a small café that buys a new espresso machine for $1,000.
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