General Ledger Maintenance

The general ledger is the central record of every account in the business — the backbone from which the trial balance and the financial statements are produced. Its integrity determines whether the accounts can be trusted.

The firm maintains the ledger on a sound chart of accounts, properly classified and reconciled, so the trial balance always ties and the statements flow cleanly.

General-ledger maintenance includes:

• A well-structured chart of accounts
• Accurate posting and classification of every entry
• Reconciliation of control accounts to subsidiary ledgers
• A trial balance that ties each period
• Mapping to the Schedule III financial-statement format

1. 01

   Design the chart

   Set up a chart of accounts suited to your business and reporting.

2. 02

   Post & classify

   Record entries to the right accounts on an agreed cycle.

3. 03

   Reconcile

   Tie control accounts to the subsidiary ledgers and the trial balance.

4. 04

   Report

   Produce a clean trial balance ready for the financial statements.

PBT keeps your ledger accurate and in balance, so your accounts can be trusted.

• A sound chart of accounts and classification
• Control accounts reconciled to subsidiary ledgers
• A trial balance that always ties
• Ready for the financial statements and audit
• Scope, deliverables, and fees agreed in writing up front

• What is the general ledger?

  The master record of all the accounts of the business — assets, liabilities, income, and expenses — from which the trial balance and financial statements are prepared.

• Why does the chart of accounts matter?

  A well-designed chart makes reporting, GST, and analysis straightforward; a poor one makes everything harder. We set it up right from the start.

• How long does it take?

  Setting up the chart takes a few days; the ledger is then maintained continuously on an agreed cycle.