The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate and kept in tip top shape.

By searching through the ledger for any mistakes we can prevent huge mistakes which could endanger your business since you may think you have way more or less money than you actually do, or you could mess up your taxes. By having us clean out your general ledger we can spot if any of your employees is stealing money because we’ll see if money just disappears for no apparent reason. Keeping your general ledger clean and accurate will also allow you to avoid any accidental overdraft fees from the bank so that you’ll always have an accurate idea of how much money you have.

Since the general ledger is used to create every other basic financial statement, you can’t have an accurate income statement and balance sheet without having a clean general ledger. You also can’t reconcile your back accounts without it since it is your record of every transaction your company made. It’s also used as a basis for all of your other ledgers and records which means if this is off, they are all off too.

Please don’t hesitate to utilize our services because this is a vital task that should be done once a month to track down discrepancies. We have years of experience with it and are trusted by the community to get it done and get it done correctly.

We here at Economic Solution Services, Inc. are here to help with all of your business and accounting needs! Please schedule a meeting with us to discuss our services here.