General Ledger Numbers For Accounting

Posted by Ana Orwel on Tuesday, April 28, 2009

General ledger numbers for accounting form the chart of accounts , which contains unique numbers that the accounting department of a company can use to account for business transactions. The financial operations and subsequently the transactions are recorded with respect to the unique number assigned to a particular transaction.

The general ledger numbers for accounting have the following attributes:

a) Account Number
b) Account Level
c) Account Title

A particular digit system is followed in a company for assigning the numbers to various accounts (for e.g. 4 digit, 6 digit etc.). This is to ensure the smooth flow of accounting information at any point of time.

More information on general ledger here.