General ledger

Meaning

A general ledger is a record of all the financial transactions in your business. It shows what your business owes, owns, buys and sells.

Key points

• General ledger appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, general ledger is used to keep invoice and payment operations structured and auditable.