General Ledger Account Number Order

Posted by Ana Orwel on Tuesday, April 28, 2009

General ledger is the main book of entry which is classified in the form of accounts. It is generally used by the companies which use a double entry bookkeeping.

In order to classify the accounts, each of them has general ledger account number order, i.e. account is assigned a unique number. In order to do so, the general ledger uses a set of digits, for e.g. 4 digit systems, 5 digit system etc. The entries made under each account are also further subdivided but all the accounts maintain a unique coding system. This account number orders help in facilitating the easy access to the details of all accounts.

List of all accounts with numbers composed chart of accounts, based on which it can be traced what kind of accounts the business has and what information can be found in one or another account.

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