(Last updated on: September 28, 2018)
General ledger (or GL) codes are numerals or words you assign to different debit or credit entries to make accounting easier and more functional. By assigning numerals to different types of payables or receivables, you can spend less time entering data, quickly sort your information and prepare simple reports you might use one time or frequently.
Two hydrogen atoms meet. One says, “I’ve lost my electron.” The other says “Are you sure?” The first replies, “Yes, I’m positive.”