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GL Accounting

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**GL Accounting**

What is GL Accounting?

GL Accounting, or General Ledger Accounting, refers to the core accounting system used by organizations to record all financial transactions. It provides a central repository for financial data, enabling businesses to track their assets, liabilities, equity, revenues, and expenses. It's commonly used for creating financial statements like balance sheets, income statements, and cash flow statements, which are crucial for financial reporting, auditing, and decision-making.

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