General Ledger Account

A general ledger account (abbreviated GL account) is a series of numbered accounts, used by businesses to keep track of and file different types of expenditures based on the purpose of each transaction. In professional accounting, the numbers used for each account typically follow a standardized numbering convention for each type of expenditure. On Tradogram, GL accounts can be configured and applied to each line item in a transaction. Expenditures made when a GL account is assigned will be automatically tracked under that GL account on the system, and reports for each GL account can be compiled from the stored information. Additionally, some integrations offered on Tradogram allow GL account information to be tied to third party accounting software during data transfer.