How do I transfer transactions from a journal to a general ledger?

After you record transactions in your journal, it’s time to transfer them to your general ledger. To keep your books accurate, post every transaction from your journal to your general ledger. Use your ledger to classify and organize transactions. When posting entries to the ledger, move each journal entry into an individual account.

What does a general ledger account look like after posting journal entries?

Here’s an example of what your general ledger account may look like after posting journal entries: The Subtotal row gives you details about the subtotals for your debits and credits. Because this is a Checking (asset) account, deduct the credits from your debits to get the account’s total balance.

How do you record transactions in a general ledger?

In your ledger, record transactions using debits and credits. Debits and credits must always balance. They are equal but opposite entries. If they don’t balance, your books and financial statements will be inaccurate. There are five main account types in a general ledger: Each account type can have various sub-accounts within them.