GL Accounts definition

GL Accounts means: The master set of general ledger accounts that summarize all transactions occurring within an entity. The general ledger is comprised of all the individual accounts needed to record the assets, liabilities, equity, revenue, expense, gain, and loss transactions of a business.
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Examples of GL Accounts in a sentence

  • From and after Closing until the completion of the transition of the financial system of the Selling Companies, the Buyer shall operate the Business by recording entries using the Buyer GL Accounts, and shall maintain on behalf of the Selling Companies, the Seller GL Accounts on its general ledger.

  • From and after the creation of the Buyer GL Accounts, until Closing, the Selling Companies shall maintain such accounts (as duplicate entries on the books of the Selling Companies in the name of the GL Company).

  • In order to map individual transactions in the CNS to QB GL (General Ledger) accounts and QB invoice items, We first map individual transactions to CNS GL accounts, and then in turn map those CNS GL Accounts to QB GL accounts and QB items.

  • This is done in Member Billing -> Edit General Ledger Accounts -> Select GL Accounts for Membership Invoices.

  • G/L Accounts are required to generate journal entries as transactions are posted.

  • The system shall have mapper capability, which includes, but is not limited to, split transactions based on cost centers, contract and non-contract purchases, and G/L Accounts.

  • Business Critical or Business Operational or Business Standard Enterprise Finance1 GL, Accounts Payable, Procurement, Financial Asset Management.

  • G/L Accounts Enter the General Ledger account numbers and descriptions.

  • In scope Import Budgets Import multiple years of Capital budget: • Create dollar budget line items with GL Accounts (or The Customer’s equivalent thereof) ...

  • The items included on the Setup Menu are as follows: G/L Accounts Enter the General Ledger account numbers and descriptions.