![]() ![]() I have 2 free accounting workbooks available. If you are a church or nonprofit, I have free spreadsheets designed specifically for you. However, if you are a small business that is just starting up and you cannot afford expensive accounting software yet, my accounting spreadsheets may be just what you need. If you can afford it and have the time to learn it, double entry software is usually the best for your accounting needs. See my double entry bookkeeping page for the difference between single and double entry accounting systems. ( Descriptions of all free accounting software downloads are below) Free Accounting Spreadsheet DescriptionsĪll of my free accounting workbooks are single entry accounting spreadsheets. Report Date: The date the general ledger was created or updated.Simply fill in the form below and after you have confirmed your subscription you will receive a welcome email with a link to your free spreadsheets.Post Reference: The location or subledger name where each transaction was recorded, sometimes called a PR or journal reference.Item Details: A description of the line-item debit or credit figure. ![]() Item Date: The date the line-item debit or credit figure was entered into the general ledger.Debit: The increase in assets or the decrease in liabilities for each transaction line item, also called a DR.Credit: The increase in liability, equity, and revenue or the decrease in expenses, assets, or dividends for each transaction line item, also called a CR.Balance: The total credits minus the total debits.Account Number: The unique account number for the line-item credit or debit figure.Account Name: The name of the account for the line-item credit or debit figure.To ensure that your company accounts for all of your debits and expenditures, a general ledger template should include the following details: The general ledger includes data from subledgers, such as accounts receivable, accounts payable, fixed assets, cash management, and purchasing, to help you determine whether your company’s assets are sufficient to meet operating costs, or if you need to increase revenue to cover expenses. To balance your general ledger, your credits and debits must be equal. A general ledger is the centralized document for all details relating to your company’s financial status, including liabilities, assets, owner’s equity, expenses, and revenue. Using a general ledger template provides insight into your business’s financial health by helping you track debit and credit transactions and compare assets and liabilities. A general ledger template can help you record and monitor your financial data to ensure your debits and credits reflect your budget. Managing Work Collections of actionable tips, guides, and templates to help improve the way you work.Ī general ledger template is a record of the income and expenses that affect your company’s bottom line.Solution Center Move faster with templates, integrations, and more.Events Explore upcoming events and webinars.Content Center Get actionable news, articles, reports, and release notes.Partners Find a partner or join our award-winning program.Professional Services Get expert help to deliver end-to-end business solutions.Technical Support Get expert coaching, deep technical support and guidance.Help Center Get answers to common questions or open up a support case.Smartsheet University Access eLearning, Instructor-led training, and certification.Community Find answers, learn best practices, or ask a question. ![]()
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