Maintaining a precise general ledger enables businesses to identify irregular financial activity, strengthen fraud prevention efforts, and improve budgeting and financial planning.

• General ledger management is maintaining and overseeing the company's master record of all financial transactions. This management is crucial for ensuring accuracy, compliance, effective financial reporting, and for making informed business decisions.

• Poor General Ledger Management can result in distorted financial reporting, trigger compliance violations, delay tax submissions, and complicate day-to-day operations.

• Maintaining a precise general ledger enables businesses to identify irregular financial activity, strengthen fraud prevention efforts, and improve budgeting and financial planning