Download Tracker and Log sheet for personal, professional and business use. Basic General Ledger Tracker is a free tracker and log based Microsoft Excel template. This helps you in organizing your activities.
Download ready to use and easy to customize excel template for Basic General Ledger. This template is useful for professionals, consultants and business managers.
About Basic General Ledger Excel Template
You can use this Excel template to trace accounting transactions through the accounts on the general ledger for your business, organization, or personal use. There are areas to enter debit & credit amounts in the ledger table. Also, in this template, the Account status (whether balanced or unbalanced) and running balance are calculated automatically.
General ledger tracking is important because of the following reasons -
- General ledger tracking ensures that all financial transactions are accurately recorded and accounted for. This provides a clear picture of the financial health of a business and allows for better decision-making.
- To have good compliance with accounting standards and regulations. It ensures that financial statements are accurate and reliable, which is essential for investors, auditors, and other stakeholders.
- Reporting to tax authorities also becomes easier. Accurate and complete financial records are necessary for filing tax returns and meeting tax obligations.
- Tracking provides the data necessary for analysis and reporting.
Features of this tracker and log excel format
Here are some of the salient features of this template -
Tracker templates are important because they can save users time and effort by providing a starting point for tracking data or projects. These templates can be used for a variety of purposes, such as tracking sales leads, project progress, expenses, or inventory.
Using tracker templates can also help ensure consistency and accuracy in data tracking, as they provide a standardized format for entering and organizing data. This can be particularly useful when multiple people are involved in tracking data or working on a project.