To become smart with general ledger a controller [or CFO] should be able to simplify the general ledger processes in order to achieve an enhanced level of efficiency. Though there are best approaches that can streamline the general ledger in a similar... 

Closing of the accounting books refers to a process that starts with posting entries to the general ledger and results in a post-closing trial balance. The process begins with posting entries to the general ledger, preparing a trial balance, making adjusting... 

A common problem for the general ledger accountant is the relative degree of effort required to extract information from the general ledger. For example: if someone makes an inquiry regarding the exact nature of the expenses recorded in the “Utilities...