Standard General Ledger

A Standard General Ledger (SGL) is a comprehensive accounting tool used by organizations to record all financial transactions. It acts like a central database, categorizing income, expenses, assets, and liabilities using standardized codes. This helps ensure consistency and accuracy in financial reporting. By following a uniform structure, organizations can easily track their financial health, comply with regulations, and generate reports for analysis. The SGL is essential for managing budgets, planning for the future, and making informed financial decisions, ultimately contributing to better overall financial management.