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The Best Free General Ledger Template

The ability to see the bigger picture comes in handy in most areas of life. But when it comes to your business, it’s absolutely necessary to look at things with a holistic view. General Ledgers can help.

A general ledger serves a mastersheet for your books. It lists all of your transactions from the start of your business to present. FreshBooks has created a general ledger template to guide you in creating the perfect statement. With this customizable template, the bigger picture is within reach.

Download your free account ledger template to create your mastersheet in no time.

General Ledger Template by FreshBooks

Get Your Free General Ledger Template

Not sure how to create a general ledger? Simple. Get started by downloading the free general ledger template from FreshBooks as your guide.

This customizable template shows you exactly what you need to include on your ledger sheet. Available for download in Google Docs, Google Sheets, .XLS, .DOC and PDF, it makes it easy for you to tweak according to your needs.

If you prefer to work on paper, you’re in luck. FreshBooks has a printable accounting ledger for people who still like to do their accounting the old fashioned way.

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Free General Ledger Template

General Ledger Template by FreshBooks

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What is a General Ledger?

A general ledger is the mastersheet of all of your business accounting. It shows all of the transactions that have been made in your business’s account since the moment it began.

These transactions are organized to help you understand the total of the money you’ve earned and the expenses you’ve paid.

The balance of a general ledger reflects the difference of credits from debits. You subtract the total number of debits from the total number of credits to get this figure. Having this information helps you make more informed business decisions.

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Why Do I Need a General Ledger Template?

A general ledger is an important document in your business files. It records and organizes all payment activity between your business accounts. You need a general ledger to show you the big picture of your business’s finances and growth.

General ledgers are used to help business owners decide which moves to make next in their businesses. When you know how much you’ve made, what your expenses are and how much profit you’ve made, you’re in a better position to invest back into your business.

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How to Fill Out a General Ledger Template

Create your general ledger sheet in seconds with the downloadable template from FreshBooks.

1

Download Template

Download your free general ledger template from FreshBooks.

2

Gather Records

Pull all business records that contain the information you need to create your general ledger.

3

Sort Data

Organize the data that you need to log in your general ledger sheet.

4

Input Data

Log all of your data in the appropriate fields listed on your general ledger template.

5

Review for Errors

Make sure you haven’t made any typos or calculation errors. This could throw off your report.

6

Analyze Your Findings

Use your findings on your general ledger to help you make better business decisions.

 

More Free Accounting Resources

General ledgers may be the master of all accounting reports, but there are several reports that will help you generate your general ledger.

FreshBooks has created a collection of free accounting report templates to help you take control of your accounting.

General Ledger Template by FreshBooks
 

Frequently Asked Questions

What information is included on a general ledger?

A general ledger is basically your accounting mastersheet, so it includes everything about your business finances. The business ledger template from FreshBooks includes all of the necessary sections to help you avoid confusion when you create your ledger sheet.

What is the value of a general ledger?

The general ledger is packed with just about every piece of information you need to get a general overview of your business’s finances. It points you in the right direction when it comes to analyzing growth and making decisions for the future of your business.

How do I balance my general ledger?

To balance your general ledger, you subtract debits from credits. You can do this on your own, with the help of an accountant or by opting for FreshBooks accounting software.

Is there a way to automatically generate a general ledger?

Yes. FreshBooks cloud accounting services automatically generate general ledgers and other accounting reports. Plus, you’ll have access to a range of accounting factors, such as online invoicing and the mobile app.

How much of an investment are the accounting resources from FreshBooks?

The basic accounting templates from FreshBooks are free to download, but the paid accounting service is still quite affordable. There are plans for every budget, starting as low as $15 a month.

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Why Create General Ledgers with FreshBooks?

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